Renaissance Technologies LLC Has $853,000 Stock Position in PCB Bancorp (NASDAQ:PCB)

Renaissance Technologies LLC raised its position in PCB Bancorp (NASDAQ:PCB) by 24.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,401 shares of the company’s stock after acquiring an additional 10,200 shares during the period. Renaissance Technologies LLC owned about 0.37% of PCB Bancorp worth $853,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in PCB Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 46,074 shares of the company’s stock valued at $752,000 after acquiring an additional 3,434 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of PCB Bancorp by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,933 shares of the company’s stock worth $1,236,000 after buying an additional 4,242 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of PCB Bancorp by 51.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 22,391 shares of the company’s stock worth $366,000 after buying an additional 7,588 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of PCB Bancorp by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 656,732 shares of the company’s stock worth $10,724,000 after buying an additional 4,152 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of PCB Bancorp by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 461,114 shares of the company’s stock worth $7,506,000 after buying an additional 26,859 shares in the last quarter. Institutional investors and hedge funds own 33.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods increased their target price on PCB Bancorp from $17.00 to $20.00 and gave the stock a “market perform” rating in a report on Monday, July 29th.

PCB Bancorp Trading Down 0.9 %

Shares of PCB opened at $17.94 on Tuesday. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $20.22. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $18.44 and a 200-day simple moving average of $16.66. The stock has a market cap of $255.65 million, a PE ratio of 10.25 and a beta of 0.67.

PCB Bancorp (NASDAQ:PCB) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $24.22 million for the quarter, compared to analyst estimates of $25.10 million. PCB Bancorp had a return on equity of 8.55% and a net margin of 13.37%. On average, sell-side analysts predict that PCB Bancorp will post 1.69 EPS for the current fiscal year.

PCB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Friday, August 9th were given a dividend of $0.18 per share. The ex-dividend date was Friday, August 9th. This represents a $0.72 dividend on an annualized basis and a yield of 4.01%. PCB Bancorp’s dividend payout ratio (DPR) is presently 41.14%.

Insider Buying and Selling

In related news, Director Daniel Cho sold 25,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.47, for a total transaction of $461,750.00. Following the sale, the director now directly owns 98,000 shares in the company, valued at $1,810,060. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 25.01% of the stock is owned by corporate insiders.

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.