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

Dimensional Fund Advisors LP grew its stake in shares of PCB Bancorp (NASDAQ:PCB - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 511,588 shares of the company's stock after acquiring an additional 23,925 shares during the quarter. Dimensional Fund Advisors LP owned about 3.59% of PCB Bancorp worth $10,355,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PCB. Arrowstreet Capital Limited Partnership increased its stake in shares of PCB Bancorp by 83.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 84,601 shares of the company's stock worth $1,712,000 after acquiring an additional 38,371 shares during the last quarter. Martingale Asset Management L P purchased a new stake in PCB Bancorp during the fourth quarter worth approximately $559,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in PCB Bancorp by 122.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,161 shares of the company's stock worth $975,000 after purchasing an additional 26,509 shares during the last quarter. JPMorgan Chase & Co. increased its position in PCB Bancorp by 93.2% during the fourth quarter. JPMorgan Chase & Co. now owns 40,938 shares of the company's stock worth $829,000 after buying an additional 19,749 shares during the period. Finally, Bank of New York Mellon Corp increased its position in PCB Bancorp by 19.8% during the fourth quarter. Bank of New York Mellon Corp now owns 82,023 shares of the company's stock worth $1,660,000 after buying an additional 13,529 shares during the period. Institutional investors and hedge funds own 33.04% of the company's stock.

Analyst Upgrades and Downgrades

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 Stock Up 0.9%

NASDAQ PCB traded up $0.18 during trading on Thursday, hitting $20.71. The company's stock had a trading volume of 20,179 shares, compared to its average volume of 29,140. The firm has a market cap of $297.95 million, a P/E ratio of 11.94 and a beta of 0.56. PCB Bancorp has a 52 week low of $14.50 and a 52 week high of $22.20. The firm has a 50 day moving average price of $18.78 and a 200 day moving average price of $19.64.

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

PCB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be issued a $0.20 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.80 dividend on an annualized basis and a yield of 3.86%. PCB Bancorp's payout ratio is presently 41.24%.

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.