PCB Bancorp (NASDAQ:PCB) CEO Purchases $64,320.00 in Stock

PCB Bancorp (NASDAQ:PCB) CEO Henry Kim purchased 3,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were purchased at an average price of $21.44 per share, with a total value of $64,320.00. Following the completion of the purchase, the chief executive officer now directly owns 22,785 shares of the company’s stock, valued at $488,510.40. The trade was a 15.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were purchased at an average price of $20.35 per share, with a total value of $75,295.00.

PCB Bancorp Stock Performance

PCB stock opened at $21.01 on Thursday. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $21.62. The firm has a market cap of $299.75 million, a P/E ratio of 12.43 and a beta of 0.67. The stock has a 50-day simple moving average of $19.27 and a 200-day simple moving average of $17.70.

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

PCB Bancorp Dividend Announcement

The business also recently announced 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 was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.43%. PCB Bancorp’s dividend payout ratio (DPR) is currently 42.60%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On PCB Bancorp

Large investors have recently modified their holdings of the stock. Barclays PLC boosted its holdings in 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 purchasing an additional 10,565 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in PCB Bancorp in the third quarter valued at about $407,000. O Shaughnessy Asset Management LLC boosted its holdings in PCB Bancorp by 51.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 22,391 shares of the company’s stock valued at $366,000 after purchasing an additional 7,588 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in PCB Bancorp by 6.2% in the third 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 last quarter. Finally, Empowered Funds LLC boosted its holdings in PCB Bancorp by 5.1% in the third 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. Institutional investors and hedge funds 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.