PCB Bancorp (NASDAQ:PCB) Director Don Rhee Acquires 10,000 Shares

Key Points

• Don Rhee, Director of PCB Bancorp, purchased 10,000 shares at an average price of $20.13, increasing their total ownership to over 419,044 shares.
• PCB Bancorp reported a quarterly EPS of $0.62, surpassing analysts' expectations of $0.60, with revenues of $29.29 million.
• The company announced a quarterly dividend of $0.20 per share, yielding approximately 4.0%, payable on August 15th.

PCB Bancorp (NASDAQ:PCB - Get Free Report) Director Don Rhee acquired 10,000 shares of the stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $20.13 per share, with a total value of $201,300.00. Following the completion of the transaction, the director directly owned 419,044 shares of the company's stock, valued at $8,435,355.72. The trade was a 2.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

PCB Bancorp Stock Performance

NASDAQ PCB traded down $0.21 on Tuesday, hitting $20.68. 10,842 shares of the company traded hands, compared to its average volume of 31,083. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10. The business's 50 day moving average price is $20.71 and its 200-day moving average price is $19.72. The company has a market capitalization of $295.93 million, a price-to-earnings ratio of 9.68 and a beta of 0.61. PCB Bancorp has a 52-week low of $16.00 and a 52-week high of $22.37.

PCB Bancorp (NASDAQ:PCB - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. PCB Bancorp had a return on equity of 10.67% and a net margin of 15.82%. The firm had revenue of $29.29 million for the quarter, compared to analysts' expectations of $28.63 million. Equities analysts expect that PCB Bancorp will post 2.04 earnings per share for the current year.

PCB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. PCB Bancorp's dividend payout ratio is currently 37.56%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods boosted their price objective on PCB Bancorp from $23.00 to $23.50 and gave the company a "market perform" rating in a research note on Monday, July 28th.

Hedge Funds Weigh In On PCB Bancorp

Large investors have recently made changes to their positions in the business. Rhino Investment Partners Inc increased its holdings in shares of PCB Bancorp by 50.9% during the 4th quarter. Rhino Investment Partners Inc now owns 609,931 shares of the company's stock worth $12,345,000 after buying an additional 205,668 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of PCB Bancorp by 83.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 194,598 shares of the company's stock worth $3,641,000 after buying an additional 88,589 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of PCB Bancorp by 83.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 84,601 shares of the company's stock worth $1,712,000 after buying an additional 38,371 shares during the last quarter. Martingale Asset Management L P acquired a new stake in shares of PCB Bancorp during the 4th quarter worth approximately $559,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of PCB Bancorp by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 511,588 shares of the company's stock worth $10,355,000 after buying an additional 23,925 shares during the last quarter. 33.04% of the stock is owned by institutional investors and hedge funds.

PCB Bancorp Company 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.