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 that occurred on Monday, November 25th. The stock was purchased at an average price of $21.44 per share, with a total value of $64,320.00. Following the transaction, the chief executive officer now owns 22,785 shares in the company, valued at $488,510.40. This represents a 15.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through 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 stock was acquired at an average price of $20.35 per share, with a total value of $75,295.00.

PCB Bancorp Price Performance

Shares of PCB Bancorp stock opened at $21.22 on Tuesday. The firm has a market cap of $302.81 million, a price-to-earnings ratio of 12.56 and a beta of 0.67. The stock’s 50-day moving average is $19.18 and its 200-day moving average is $17.64. PCB Bancorp has a one year low of $14.50 and a one year high of $21.60.

PCB Bancorp (NASDAQ:PCB) last released its earnings results on Thursday, October 24th. The company reported $0.52 EPS for the quarter, beating the consensus estimate 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, equities analysts expect that PCB Bancorp will post 1.74 EPS for the current year.

PCB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were paid a $0.18 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.72 annualized dividend and a yield of 3.39%. PCB Bancorp’s payout ratio is currently 42.60%.

Hedge Funds Weigh In On PCB Bancorp

Large investors have recently modified their holdings of the business. Barclays PLC grew its stake in shares of PCB Bancorp by 299.2% in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of PCB Bancorp in the 3rd quarter valued at about $407,000. O Shaughnessy Asset Management LLC increased its stake 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 worth $366,000 after purchasing an additional 7,588 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of PCB Bancorp by 6.2% in the 3rd 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 during the period. Finally, Empowered Funds LLC lifted its stake in PCB Bancorp by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 52,040 shares of the company’s stock valued at $978,000 after purchasing an additional 2,546 shares during the last quarter. 33.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PCB has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on PCB Bancorp from $17.00 to $20.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Piper Sandler upped their price target 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.

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.