PCB Bancorp (NASDAQ:PCB) Director Sang Young Lee Acquires 4,504 Shares

PCB Bancorp (NASDAQ:PCB - Get Free Report) Director Sang Young Lee purchased 4,504 shares of PCB Bancorp stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $19.78 per share, with a total value of $89,089.12. Following the completion of the acquisition, the director now owns 1,530,711 shares in the company, valued at approximately $30,277,463.58. This trade represents a 0.30 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed 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 purchased at an average cost 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 cost of $20.74 per share, with a total value of $169,528.76.
• On Friday, November 15th, Sang Young Lee acquired 1,000 shares of PCB Bancorp stock. The shares were purchased at an average cost of $20.60 per share, for a total transaction of $20,600.00.

PCB Bancorp Price Performance

Shares of PCB traded down $0.19 during trading hours on Monday, hitting $20.15. The stock had a trading volume of 9,320 shares, compared to its average volume of 21,758. PCB Bancorp has a 52 week low of $14.50 and a 52 week high of $22.20. The stock has a market capitalization of $287.54 million, a price-to-earnings ratio of 11.58 and a beta of 0.70. The company's fifty day moving average is $19.95 and its two-hundred day moving average is $19.41.

PCB Bancorp (NASDAQ:PCB - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. PCB Bancorp had a net margin of 13.45% and a return on equity of 9.02%. Equities analysts predict that PCB Bancorp will post 2.04 EPS for the current fiscal year.

PCB Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be given a $0.20 dividend. This is an increase from PCB Bancorp's previous quarterly dividend of $0.18. The ex-dividend date is Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 3.97%. PCB Bancorp's payout ratio is presently 41.38%.

Wall Street Analyst Weigh In

Several research analysts recently commented on PCB shares. Keefe, Bruyette & Woods raised their target price on PCB Bancorp from $20.00 to $23.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Piper Sandler lifted their price objective on PCB Bancorp from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, October 28th.

Hedge Funds Weigh In On PCB Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in PCB Bancorp by 71.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,599 shares of the company's stock worth $32,000 after purchasing an additional 667 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of PCB Bancorp by 1.5% in the 4th 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 during the period. Wells Fargo & Company MN raised its position in shares of PCB Bancorp by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,404 shares of the company's stock worth $130,000 after acquiring an additional 1,395 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of PCB Bancorp by 1.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 146,850 shares of the company's stock valued at $2,972,000 after acquiring an additional 1,510 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in PCB Bancorp by 0.7% in the third quarter. Geode Capital Management LLC now owns 255,959 shares of the company's stock valued at $4,810,000 after acquiring an additional 1,751 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.