PCB Bancorp (NASDAQ:PCB) Stock Holdings Raised by Empowered Funds LLC

Empowered Funds LLC lifted its stake in shares of PCB Bancorp (NASDAQ:PCB) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,550 shares of the company’s stock after purchasing an additional 2,510 shares during the period. Empowered Funds LLC owned about 0.38% of PCB Bancorp worth $1,104,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Diversify Advisory Services LLC bought a new position in PCB Bancorp during the 4th quarter worth approximately $214,000. Barclays PLC increased its holdings in shares of PCB Bancorp by 299.2% in the 3rd quarter. Barclays PLC now owns 14,096 shares of the company’s stock valued at $265,000 after acquiring an additional 10,565 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 acquiring an additional 10,571 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in PCB Bancorp during the third quarter worth $407,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in PCB Bancorp by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 30,841 shares of the company’s stock worth $580,000 after purchasing an additional 1,814 shares during the period. 33.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PCB has been the topic of a number of research reports. Piper Sandler increased their target price on shares of PCB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods increased their price objective on shares of PCB Bancorp from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Buying and Selling at PCB Bancorp

In other PCB Bancorp news, Director Don Rhee purchased 7,300 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was bought at an average price of $21.22 per share, with a total value of $154,906.00. Following the completion of the purchase, the director now owns 399,144 shares in the company, valued at $8,469,835.68. This trade represents a 1.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Henry Kim purchased 3,000 shares of the stock in a transaction dated Monday, November 25th. The shares were acquired at an average cost of $21.44 per share, for a total transaction of $64,320.00. Following the completion of the acquisition, the chief executive officer now directly owns 22,785 shares of the company’s stock, valued at approximately $488,510.40. This trade represents a 15.16 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 23,004 shares of company stock worth $484,287. 25.01% of the stock is owned by company insiders.

PCB Bancorp Price Performance

NASDAQ:PCB opened at $20.15 on Monday. The firm has a market capitalization of $287.48 million, a P/E ratio of 11.58 and a beta of 0.70. The business has a 50 day simple moving average of $19.98 and a 200 day simple moving average of $19.40. PCB Bancorp has a 12-month low of $14.50 and a 12-month high of $22.20.

PCB Bancorp (NASDAQ:PCB) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. PCB Bancorp had a net margin of 13.45% and a return on equity of 9.02%. Research analysts anticipate that PCB Bancorp will post 2.04 EPS for the current fiscal year.

PCB Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be given a $0.20 dividend. This is a boost from PCB Bancorp’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.80 annualized dividend and a yield of 3.97%. PCB Bancorp’s dividend payout ratio is 45.98%.

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.