Dimensional Fund Advisors LP Purchases 23,925 Shares of PCB Bancorp (NASDAQ:PCB)

Dimensional Fund Advisors LP boosted its stake in PCB Bancorp (NASDAQ:PCB - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511,588 shares of the company's stock after buying an additional 23,925 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.59% of PCB Bancorp worth $10,355,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN boosted its stake 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 in the last quarter. Diversify Advisory Services LLC acquired a new position in PCB Bancorp in the fourth quarter worth $214,000. Barclays PLC raised its position in shares of 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 last quarter. JPMorgan Chase & Co. raised its position in shares of PCB Bancorp by 99.6% during 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 during the last quarter. Finally, Martingale Asset Management L P bought a new stake in shares of PCB Bancorp during the fourth quarter worth $559,000. Institutional investors and hedge funds own 33.04% of the company's stock.

Insider Activity

In related news, Director Sang Young Lee purchased 4,504 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $19.78 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 25.01% of the company's stock.

PCB Bancorp Price Performance

Shares of PCB stock traded down $0.11 on Wednesday, reaching $20.53. 37,641 shares of the stock were exchanged, compared to its average volume of 29,099. The stock has a market cap of $295.37 million, a PE ratio of 11.80 and a beta of 0.56. PCB Bancorp has a one year low of $14.50 and a one year high of $22.20. The stock has a 50 day moving average price of $18.75 and a 200 day moving average price of $19.63.

PCB Bancorp (NASDAQ:PCB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. PCB Bancorp had a return on equity of 9.02% and a net margin of 13.45%. The company had revenue of $26.86 million during the quarter, compared to analysts' expectations of $26.40 million. On average, research analysts expect that PCB Bancorp will post 2.04 earnings per share for the current fiscal year.

PCB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.90%. PCB Bancorp's payout ratio is 41.24%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their target price on PCB Bancorp from $21.00 to $23.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 29th.

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.