PCB Bancorp (NASDAQ:PCB) Shares Bought by Rhino Investment Partners Inc

Rhino Investment Partners Inc boosted its stake in PCB Bancorp (NASDAQ:PCB - Free Report) by 50.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 609,931 shares of the company's stock after buying an additional 205,668 shares during the period. PCB Bancorp makes up 2.7% of Rhino Investment Partners Inc's portfolio, making the stock its 17th largest holding. Rhino Investment Partners Inc owned 4.27% of PCB Bancorp worth $12,345,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PCB. Tower Research Capital LLC TRC boosted its holdings in PCB Bancorp by 71.6% in the fourth 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 last quarter. 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 valued at $130,000 after acquiring an additional 1,395 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of PCB Bancorp during the 4th quarter valued at approximately $214,000. Barclays PLC increased its holdings in PCB Bancorp by 299.2% during the 3rd 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 period. Finally, JPMorgan Chase & Co. grew its stake in PCB Bancorp by 99.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,189 shares of the company's stock worth $398,000 after buying an additional 10,571 shares in the last quarter. Institutional investors and hedge funds own 33.04% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director Sang Young Lee bought 4,504 shares of the stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $19.78 per share, for a total transaction of $89,089.12. Following the acquisition, the director now owns 1,530,711 shares of the company's stock, valued at $30,277,463.58. This represents a 0.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 25.86% of the stock is currently owned by company insiders.

PCB Bancorp Price Performance

NASDAQ PCB traded up $0.16 during mid-day trading on Monday, reaching $19.96. The stock had a trading volume of 92,348 shares, compared to its average volume of 28,385. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $22.20. The company has a fifty day moving average price of $18.63 and a 200 day moving average price of $19.55. The stock has a market cap of $287.16 million, a PE ratio of 11.47 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 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $26.86 million during 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%. As a group, equities research analysts expect that PCB Bancorp will post 2.04 earnings per share for the current year.

PCB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Friday, May 9th. PCB Bancorp's dividend payout ratio is presently 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.