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

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

Henry Kim also recently made the following trade(s):

• On Wednesday, November 6th, Henry Kim bought 3,700 shares of PCB Bancorp stock. The shares were purchased at an average price of $20.35 per share, for a total transaction of $75,295.00.

PCB Bancorp Stock Down 1.6 %

Shares of NASDAQ:PCB opened at $21.01 on Thursday. PCB Bancorp has a 52-week low of $14.50 and a 52-week high of $21.62. The stock’s fifty day simple moving average is $19.27 and its 200-day simple moving average is $17.70. The company has a market capitalization of $299.75 million, a P/E ratio of 12.43 and a beta of 0.67.

PCB Bancorp (NASDAQ:PCB) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $25.50 million. On average, sell-side analysts anticipate that PCB Bancorp will post 1.74 earnings per share for the current year.

PCB Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a $0.18 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.72 annualized dividend and a dividend yield of 3.43%. PCB Bancorp’s dividend payout ratio is currently 42.60%.

Wall Street Analyst Weigh In

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

Institutional Trading of PCB Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in PCB. Vanguard Group Inc. increased its stake in PCB Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 656,732 shares of the company’s stock valued at $10,724,000 after purchasing an additional 4,152 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in PCB Bancorp by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 461,114 shares of the company’s stock valued at $7,506,000 after purchasing an additional 26,859 shares during the last quarter. Geode Capital Management LLC increased its stake 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 purchasing an additional 1,751 shares during the last quarter. Bank of New York Mellon Corp increased its stake in PCB Bancorp by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 75,933 shares of the company’s stock valued at $1,236,000 after purchasing an additional 4,242 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in PCB Bancorp by 24.2% in the second quarter. Renaissance Technologies LLC now owns 52,401 shares of the company’s stock valued at $853,000 after purchasing an additional 10,200 shares during the last quarter. 33.04% of the stock is currently owned by hedge funds and other institutional investors.

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.