Martingale Asset Management L P Purchases New Shares in PCB Bancorp (NASDAQ:PCB)

Martingale Asset Management L P bought a new position in shares of PCB Bancorp (NASDAQ:PCB - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 27,635 shares of the company's stock, valued at approximately $559,000. Martingale Asset Management L P owned 0.19% of PCB Bancorp at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PCB. Geode Capital Management LLC raised its position in PCB Bancorp by 0.7% during the third quarter. Geode Capital Management LLC now owns 255,959 shares of the company's stock worth $4,810,000 after acquiring an additional 1,751 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of PCB Bancorp by 83.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 84,601 shares of the company's stock valued at $1,712,000 after buying an additional 38,371 shares during the period. Bank of New York Mellon Corp increased its stake in PCB Bancorp by 19.8% during the fourth quarter. Bank of New York Mellon Corp now owns 82,023 shares of the company's stock worth $1,660,000 after acquiring an additional 13,529 shares during the last quarter. Renaissance Technologies LLC lifted its position in PCB Bancorp by 1.5% during the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the company's stock valued at $1,115,000 after buying an additional 799 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in PCB Bancorp by 4.8% in the 4th quarter. Empowered Funds LLC now owns 54,550 shares of the company's stock valued at $1,104,000 after purchasing an additional 2,510 shares in the last quarter. Institutional investors and hedge funds own 33.04% of the company's stock.

PCB Bancorp Price Performance

NASDAQ PCB traded down $0.02 on Friday, reaching $18.47. The company had a trading volume of 33,286 shares, compared to its average volume of 27,428. The firm has a 50-day moving average of $18.79 and a 200-day moving average of $19.46. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $22.20. The firm has a market capitalization of $265.62 million, a PE ratio of 10.61 and a beta of 0.47.

PCB Bancorp (NASDAQ:PCB - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.46 earnings per share for the quarter, meeting analysts' consensus estimates of $0.46. PCB Bancorp had a net margin of 13.45% and a return on equity of 9.02%. As a group, sell-side analysts expect that PCB Bancorp will post 2.04 EPS for the current fiscal year.

PCB Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a dividend of $0.20 per share. This is a boost from PCB Bancorp's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Friday, February 14th. PCB Bancorp's dividend payout ratio is 45.98%.

Insider Transactions at PCB Bancorp

In related news, Director Sang Young Lee bought 4,504 shares of the firm's stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $19.78 per share, for a total transaction of $89,089.12. Following the completion of the purchase, the director now directly owns 1,530,711 shares in the company, valued at approximately $30,277,463.58. The trade was a 0.30 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 25.01% of the company's stock.

PCB Bancorp 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.