PCB Bancorp (NASDAQ:PCB) CEO Henry Kim Purchases 3,000 Shares

PCB Bancorp (NASDAQ:PCB) CEO Henry Kim acquired 3,000 shares of the stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $21.44 per share, with a total value of $64,320.00. Following the transaction, the chief executive officer now directly owns 22,785 shares of the company’s stock, valued at approximately $488,510.40. This trade represents a 15.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Henry Kim also recently made the following trade(s):

• On Wednesday, November 6th, Henry Kim purchased 3,700 shares of PCB Bancorp stock. The shares were acquired at an average cost of $20.35 per share, with a total value of $75,295.00.

PCB Bancorp Price Performance

NASDAQ PCB traded down $0.01 during mid-day trading on Monday, reaching $21.43. The stock had a trading volume of 89,770 shares, compared to its average volume of 24,026. The stock has a market cap of $305.81 million, a PE ratio of 12.68 and a beta of 0.67. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $21.60. The company has a fifty day moving average price of $19.13 and a 200 day moving average price of $17.60.

PCB Bancorp (NASDAQ:PCB) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.45 by $0.07. The company had revenue of $48.62 million during the quarter, compared to the consensus estimate of $25.50 million. PCB Bancorp had a return on equity of 8.68% and a net margin of 13.27%. As a group, equities research analysts expect that PCB Bancorp will post 1.74 earnings per share for the current year.

PCB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Friday, November 8th. PCB Bancorp’s dividend payout ratio is currently 42.60%.

Analyst Ratings Changes

Several research firms have recently issued reports on PCB. Piper Sandler boosted their price target on PCB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods increased their target price on PCB Bancorp from $17.00 to $20.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th.

Institutional Investors Weigh In On PCB Bancorp

A number of large investors have recently added to or reduced their stakes in PCB. Barclays PLC grew its position in PCB Bancorp by 299.2% during the third quarter. Barclays PLC now owns 14,096 shares of the company’s stock valued at $265,000 after buying an additional 10,565 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of PCB Bancorp by 51.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,391 shares of the company’s stock valued at $366,000 after acquiring an additional 7,588 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in PCB Bancorp in the 3rd quarter worth $407,000. Charles Schwab Investment Management Inc. lifted its position in PCB Bancorp by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 30,841 shares of the company’s stock valued at $580,000 after purchasing an additional 1,814 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in PCB Bancorp by 24.2% during the second quarter. Renaissance Technologies LLC now owns 52,401 shares of the company’s stock valued at $853,000 after purchasing an additional 10,200 shares during the period. Institutional investors own 33.04% of the company’s stock.

PCB Bancorp Company Profile

PCB Bancorp operates as the bank holding company for PCB Bank that provides various banking products and services to small to medium-sized businesses, individuals, and professionals in Southern California. The company offers demand, savings, money market, and time deposits, as well as certificates of deposit; and trade finance, remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.