Arrowstreet Capital Limited Partnership Has $1.71 Million Stock Position in PCB Bancorp (NASDAQ:PCB)

Arrowstreet Capital Limited Partnership increased its stake in PCB Bancorp (NASDAQ:PCB - Free Report) by 83.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,601 shares of the company's stock after purchasing an additional 38,371 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.59% of PCB Bancorp worth $1,712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of PCB Bancorp by 6.2% during the 3rd 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 period. Barclays PLC grew its holdings in PCB Bancorp by 299.2% during the third quarter. Barclays PLC now owns 14,096 shares of the company's stock worth $265,000 after acquiring an additional 10,565 shares during the period. Geode Capital Management LLC grew its holdings 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 period. JPMorgan Chase & Co. lifted its holdings in PCB Bancorp by 99.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,189 shares of the company's stock valued at $398,000 after acquiring an additional 10,571 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in PCB Bancorp in the 4th quarter valued at about $214,000. Institutional investors own 33.04% of the company's stock.

Insider Buying and Selling

In related news, Director Sang Young Lee acquired 4,504 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $19.78 per share, with a total value of $89,089.12. Following the completion of the transaction, the director now owns 1,530,711 shares of the company's stock, valued at approximately $30,277,463.58. This trade represents a 0.30 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 25.01% of the company's stock.

PCB Bancorp Price Performance

Shares of PCB traded down $0.07 during mid-day trading on Wednesday, hitting $18.02. The company's stock had a trading volume of 606 shares, compared to its average volume of 27,090. PCB Bancorp has a fifty-two week low of $14.50 and a fifty-two week high of $22.20. The stock has a market capitalization of $259.15 million, a price-to-earnings ratio of 10.36 and a beta of 0.47. The firm has a 50-day moving average price of $18.86 and a 200 day moving average price of $19.47.

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

PCB Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.44%. This is a boost from PCB Bancorp's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 14th. PCB Bancorp's dividend payout ratio (DPR) is presently 45.98%.

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.