PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee acquired 2,531 shares of the company’s stock in a transaction that occurred on Tuesday, February 1st. The stock was acquired at an average price of $22.38 per share, with a total value of $56,643.78. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Sang Young Lee also recently made the following trade(s):
- On Monday, November 29th, Sang Young Lee acquired 2,800 shares of PCB Bancorp stock. The stock was acquired at an average price of $22.25 per share, with a total value of $62,300.00.
- On Friday, November 26th, Sang Young Lee purchased 10,300 shares of PCB Bancorp stock. The stock was purchased at an average price of $22.09 per share, with a total value of $227,527.00.
- On Tuesday, November 23rd, Sang Young Lee purchased 10,719 shares of PCB Bancorp stock. The stock was purchased at an average price of $22.48 per share, with a total value of $240,963.12.
Shares of NASDAQ:PCB opened at $24.97 on Friday. The company has a market capitalization of $370.60 million, a PE ratio of 9.53 and a beta of 0.85. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. PCB Bancorp has a twelve month low of $12.05 and a twelve month high of $25.27. The firm has a 50 day simple moving average of $22.48 and a 200-day simple moving average of $20.86.
PCB Bancorp (NASDAQ:PCB) last released its quarterly earnings results on Thursday, January 27th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. PCB Bancorp had a net margin of 40.14% and a return on equity of 16.55%. The firm had revenue of $24.93 million during the quarter. As a group, equities research analysts predict that PCB Bancorp will post 2.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 18th. Investors of record on Friday, February 11th will be given a $0.15 dividend. This is an increase from PCB Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date is Thursday, February 10th. This represents a $0.60 annualized dividend and a yield of 2.40%. PCB Bancorp’s dividend payout ratio is 18.32%.
PCB has been the subject of a number of recent research reports. Raymond James lifted their price target on shares of PCB Bancorp from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Monday, November 1st. Zacks Investment Research upgraded shares of PCB Bancorp from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday.
A number of hedge funds have recently added to or reduced their stakes in PCB. Royal Bank of Canada increased its stake in PCB Bancorp by 96.1% in the 2nd quarter. Royal Bank of Canada now owns 2,716 shares of the company’s stock valued at $43,000 after buying an additional 1,331 shares during the period. Jump Financial LLC acquired a new position in PCB Bancorp in the 2nd quarter valued at $214,000. Qube Research & Technologies Ltd acquired a new position in PCB Bancorp in the 4th quarter valued at $338,000. Citadel Advisors LLC acquired a new position in PCB Bancorp in the 2nd quarter valued at $251,000. Finally, Squarepoint Ops LLC acquired a new position in PCB Bancorp in the 2nd quarter valued at $267,000. Hedge funds and other institutional investors own 37.38% of the company’s stock.
About PCB Bancorp
PCB Bancorp operates as the bank holding company for Pacific City Bank that provides various banking products and services to individuals, and small and middle market businesses in Southern California. The firm offers demand, savings, money market, and time deposits, as well as certificates of deposit; and remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.
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