BNP Paribas Financial Markets Makes New Investment in PCB Bancorp (NASDAQ:PCB)

BNP Paribas Financial Markets purchased a new stake in shares of PCB Bancorp (NASDAQ:PCB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,074 shares of the company's stock, valued at approximately $285,000. BNP Paribas Financial Markets owned approximately 0.10% of PCB Bancorp at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PCB. Tower Research Capital LLC TRC grew its holdings in PCB Bancorp by 71.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,599 shares of the company's stock valued at $32,000 after buying an additional 667 shares in the last quarter. Wells Fargo & Company MN raised its position in PCB Bancorp by 27.8% in 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 holdings in shares of PCB Bancorp by 16.4% in the 4th quarter. Barclays PLC now owns 16,407 shares of the company's stock valued at $332,000 after acquiring an additional 2,311 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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, Martingale Asset Management L P purchased a new position in shares of PCB Bancorp in the 4th quarter valued at about $559,000. 33.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on 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 Trading Down 0.2%

Shares of NASDAQ PCB traded down $0.04 during trading on Thursday, reaching $19.43. The company had a trading volume of 20,569 shares, compared to its average volume of 30,143. The stock has a market capitalization of $279.54 million, a PE ratio of 11.17 and a beta of 0.56. PCB Bancorp has a twelve month low of $14.50 and a twelve month high of $22.20. The stock has a 50-day moving average price of $19.04 and a two-hundred day moving average price of $19.68.

PCB Bancorp (NASDAQ:PCB - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $26.86 million during the quarter, compared to the consensus estimate of $26.40 million. On average, sell-side analysts predict that PCB Bancorp will post 2.04 EPS for the current year.

PCB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Friday, May 9th. PCB Bancorp's dividend payout ratio (DPR) is 41.24%.

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.