PCB Bancorp (NASDAQ:PCB) CEO Henry Kim Buys 3,700 Shares

PCB Bancorp (NASDAQ:PCB) CEO Henry Kim bought 3,700 shares of the stock in a transaction dated Wednesday, November 6th. The stock was bought at an average price of $20.35 per share, with a total value of $75,295.00. Following the acquisition, the chief executive officer now owns 24,713 shares in the company, valued at approximately $502,909.55. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

PCB Bancorp Stock Down 1.5 %

Shares of NASDAQ:PCB opened at $20.50 on Friday. The stock has a market cap of $292.21 million, a P/E ratio of 12.31 and a beta of 0.67. The firm has a fifty day moving average price of $18.56 and a 200 day moving average price of $17.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07. PCB Bancorp has a 1-year low of $14.50 and a 1-year high of $21.00.

PCB Bancorp (NASDAQ:PCB) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. The firm had revenue of $48.62 million during the quarter, compared to analysts’ expectations of $25.50 million. PCB Bancorp had a net margin of 13.27% and a return on equity of 8.77%. Sell-side analysts predict that PCB Bancorp will post 1.74 EPS for the current year.

PCB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, November 8th. PCB Bancorp’s dividend payout ratio is currently 42.60%.

Institutional Trading of PCB Bancorp

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted 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 worth $10,724,000 after purchasing an additional 4,152 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of PCB Bancorp by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 461,114 shares of the company’s stock worth $7,506,000 after acquiring an additional 26,859 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of PCB Bancorp by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,933 shares of the company’s stock worth $1,236,000 after acquiring an additional 4,242 shares during the period. Renaissance Technologies LLC lifted its stake in shares of PCB Bancorp by 24.2% in the 2nd quarter. Renaissance Technologies LLC now owns 52,401 shares of the company’s stock worth $853,000 after acquiring an additional 10,200 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of PCB Bancorp by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 52,040 shares of the company’s stock worth $978,000 after acquiring an additional 2,546 shares during the period. Institutional investors and hedge funds own 33.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. 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. Keefe, Bruyette & Woods upped their target price on shares of PCB Bancorp from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, July 29th.

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.