LSV Asset Management Sells 24,554 Shares of PCB Bancorp (NASDAQ:PCB)

LSV Asset Management trimmed its stake in shares of PCB Bancorp (NASDAQ:PCB - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 518,380 shares of the company's stock after selling 24,554 shares during the period. LSV Asset Management owned 3.63% of PCB Bancorp worth $10,492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PCB. Wells Fargo & Company MN increased its position in PCB Bancorp by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,404 shares of the company's stock worth $130,000 after purchasing an additional 1,395 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of PCB Bancorp during the 4th quarter valued at about $214,000. Barclays PLC lifted its holdings in shares of PCB Bancorp by 299.2% in the 3rd quarter. Barclays PLC now owns 14,096 shares of the company's stock valued at $265,000 after acquiring an additional 10,565 shares during the last quarter. JPMorgan Chase & Co. grew its position in PCB Bancorp by 99.6% in the third quarter. JPMorgan Chase & Co. now owns 21,189 shares of the company's stock worth $398,000 after acquiring an additional 10,571 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new position in PCB Bancorp in the fourth quarter worth about $559,000. 33.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other PCB Bancorp news, Director Sang Young Lee bought 4,504 shares of PCB Bancorp 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 completion of the purchase, the director now directly owns 1,530,711 shares in the company, valued at approximately $30,277,463.58. This trade represents a 0.30 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 25.01% of the stock is owned by insiders.

PCB Bancorp Stock Performance

PCB stock traded down $0.02 during midday trading on Friday, reaching $18.47. 33,286 shares of the company traded hands, compared to its average volume of 27,428. The firm has a market capitalization of $265.62 million, a price-to-earnings ratio of 10.61 and a beta of 0.47. The business has a 50 day moving average of $18.79 and a 200-day moving average of $19.46. PCB Bancorp has a 52-week low of $14.50 and a 52-week high of $22.20.

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

PCB Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were given a $0.20 dividend. This is a positive change from PCB Bancorp's previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Friday, February 14th. PCB Bancorp's dividend payout ratio is 45.98%.

PCB Bancorp Company 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.