PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee Acquires 8,200 Shares

PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee acquired 8,200 shares of PCB Bancorp stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average price of $21.46 per share, with a total value of $175,972.00. Following the transaction, the director now owns 1,526,207 shares of the company’s stock, valued at $32,752,402.22. The trade was a 0.54 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Sang Young Lee also recently made the following trade(s):

• On Monday, November 18th, Sang Young Lee purchased 8,174 shares of PCB Bancorp stock. The shares were purchased at an average price of $20.74 per share, with a total value of $169,528.76.
• On Friday, November 15th, Sang Young Lee acquired 1,000 shares of PCB Bancorp stock. The stock was acquired at an average cost of $20.60 per share, for a total transaction of $20,600.00.

PCB Bancorp Stock Performance

NASDAQ PCB opened at $21.35 on Wednesday. The business’s fifty day moving average is $19.23 and its 200 day moving average is $17.68. PCB Bancorp has a fifty-two week low of $14.50 and a fifty-two week high of $21.60. The company has a market capitalization of $304.66 million, a PE ratio of 12.63 and a beta of 0.67.

PCB Bancorp (NASDAQ:PCB) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. The firm had revenue of $48.62 million for the quarter, compared to analysts’ expectations of $25.50 million. PCB Bancorp had a return on equity of 8.68% and a net margin of 13.27%. On average, sell-side analysts forecast that PCB Bancorp will post 1.74 EPS for the current year.

PCB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.37%. PCB Bancorp’s dividend payout ratio (DPR) is presently 42.60%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in PCB Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 656,732 shares of the company’s stock valued at $10,724,000 after purchasing an additional 4,152 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in 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 buying an additional 7,588 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in PCB Bancorp by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,933 shares of the company’s stock valued at $1,236,000 after buying an additional 4,242 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of PCB Bancorp by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 461,114 shares of the company’s stock valued at $7,506,000 after buying an additional 26,859 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of PCB Bancorp by 24.2% in the second quarter. Renaissance Technologies LLC now owns 52,401 shares of the company’s stock worth $853,000 after buying an additional 10,200 shares in the last quarter. Hedge funds and other institutional investors own 33.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their target price on shares of PCB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, October 28th.

About PCB Bancorp

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.