PCB Bancorp (NASDAQ:PCB) Short Interest Update

PCB Bancorp (NASDAQ:PCB) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 54,800 shares, a decrease of 18.9% from the March 31st total of 67,600 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is currently 3.3 days.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered their target price on shares of PCB Bancorp from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Monday.

Insider Buying and Selling

In related news, Director Sang Young Lee bought 2,000 shares of PCB Bancorp stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $16.11 per share, for a total transaction of $32,220.00. Following the completion of the transaction, the director now owns 1,445,971 shares of the company’s stock, valued at $23,294,592.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 15,509 shares of company stock worth $247,400 in the last 90 days. Corporate insiders own 25.01% of the company’s stock.

Institutional Trading of PCB Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Common Retirement Fund boosted its holdings in shares of PCB Bancorp by 96.7% in the 4th quarter. New York State Common Retirement Fund now owns 4,882 shares of the company’s stock valued at $90,000 after buying an additional 2,400 shares during the last quarter. SG Americas Securities LLC lifted its stake in PCB Bancorp by 10.9% in the fourth quarter. SG Americas Securities LLC now owns 10,147 shares of the company’s stock valued at $187,000 after acquiring an additional 997 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in PCB Bancorp in the third quarter valued at $186,000. 33.04% of the stock is currently owned by institutional investors and hedge funds.

PCB Bancorp Stock Down 1.6 %

Shares of NASDAQ:PCB traded down $0.25 during trading on Monday, hitting $15.22. 12,898 shares of the company’s stock traded hands, compared to its average volume of 18,334. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $15.73 and a 200-day moving average price of $16.35. PCB Bancorp has a 52 week low of $12.86 and a 52 week high of $19.03. The company has a market cap of $217.04 million, a price-to-earnings ratio of 8.70 and a beta of 0.63.

PCB Bancorp (NASDAQ:PCB) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.07). The company had revenue of $24.43 million during the quarter, compared to the consensus estimate of $24.95 million. PCB Bancorp had a net margin of 14.69% and a return on equity of 9.14%. As a group, research analysts forecast that PCB Bancorp will post 1.7 EPS for the current fiscal year.

PCB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, May 9th. PCB Bancorp’s dividend payout ratio (DPR) is currently 41.14%.

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.