BNP Paribas Financial Markets Invests $285,000 in PCB Bancorp (NASDAQ:PCB)

BNP Paribas Financial Markets purchased a new stake in shares of PCB Bancorp (NASDAQ:PCB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,074 shares of the company's stock, valued at approximately $285,000. BNP Paribas Financial Markets owned 0.10% of PCB Bancorp at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PCB. Tower Research Capital LLC TRC lifted its position in PCB Bancorp by 71.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,599 shares of the company's stock valued at $32,000 after acquiring an additional 667 shares during the period. Wells Fargo & Company MN increased its stake in PCB Bancorp by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,404 shares of the company's stock valued at $130,000 after purchasing an additional 1,395 shares in the last quarter. Barclays PLC increased its stake in PCB Bancorp by 16.4% during the 4th quarter. Barclays PLC now owns 16,407 shares of the company's stock valued at $332,000 after purchasing an additional 2,311 shares in the last quarter. JPMorgan Chase & Co. increased its stake in PCB Bancorp by 99.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,189 shares of the company's stock valued at $398,000 after purchasing an additional 10,571 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in PCB Bancorp during the 4th quarter valued at about $559,000. 33.04% of the stock is owned by hedge funds and other institutional investors.

PCB Bancorp Stock Performance

Shares of PCB stock remained flat at $19.43 during trading hours on Friday. 22,856 shares of the stock were exchanged, compared to its average volume of 30,291. The business has a 50 day moving average of $19.06 and a two-hundred day moving average of $19.64. PCB Bancorp has a 52-week low of $14.50 and a 52-week high of $22.20. The firm has a market capitalization of $279.54 million, a price-to-earnings ratio of 11.17 and a beta of 0.56.

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

PCB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Friday, May 9th. PCB Bancorp's dividend payout ratio is currently 41.24%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price objective on shares of PCB Bancorp from $21.00 to $23.00 and gave the company a "market perform" rating in a research note 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.