PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee Buys 4,504 Shares of Stock

PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee bought 4,504 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $19.78 per share, for a total transaction of $89,089.12. Following the transaction, the director now directly owns 1,530,711 shares in the company, valued at $30,277,463.58. This trade represents a 0.30 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, November 25th, Sang Young Lee bought 8,200 shares of PCB Bancorp stock. The shares were acquired at an average price of $21.46 per share, for a total transaction of $175,972.00.
• On Monday, November 18th, Sang Young Lee purchased 8,174 shares of PCB Bancorp stock. The stock was purchased at an average price of $20.74 per share, for a total transaction of $169,528.76.
• On Friday, November 15th, Sang Young Lee purchased 1,000 shares of PCB Bancorp stock. The stock was purchased at an average price of $20.60 per share, for a total transaction of $20,600.00.

PCB Bancorp Stock Performance

PCB stock opened at $20.34 on Friday. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $22.20. The stock’s 50 day moving average price is $20.01 and its 200 day moving average price is $19.40. The firm has a market cap of $290.25 million, a P/E ratio of 11.69 and a beta of 0.70.

PCB Bancorp (NASDAQ:PCB) last posted its earnings results on Thursday, January 30th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46. PCB Bancorp had a return on equity of 9.02% and a net margin of 13.45%. On average, research analysts predict that PCB Bancorp will post 2.04 earnings per share for the current year.

PCB Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Friday, February 14th. This is a positive change from PCB Bancorp’s previous quarterly dividend of $0.18. PCB Bancorp’s dividend payout ratio is currently 41.38%.

Wall Street Analyst Weigh In

PCB has been the topic of a number of research reports. Piper Sandler upped their price target on PCB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods upped their target price on PCB Bancorp from $20.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PCB. Empowered Funds LLC lifted its stake in shares of PCB Bancorp by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 52,040 shares of the company’s stock worth $978,000 after purchasing an additional 2,546 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of PCB Bancorp during the 3rd quarter worth $407,000. Charles Schwab Investment Management Inc. lifted its stake in shares of PCB Bancorp by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 30,841 shares of the company’s stock worth $580,000 after purchasing an additional 1,814 shares during the period. Barclays PLC lifted its stake in shares of PCB Bancorp by 299.2% during the 3rd quarter. Barclays PLC now owns 14,096 shares of the company’s stock worth $265,000 after purchasing an additional 10,565 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of PCB Bancorp by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 255,959 shares of the company’s stock worth $4,810,000 after buying an additional 1,751 shares during the period. Hedge funds and other institutional investors own 33.04% of the company’s stock.

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.