Barclays PLC Has $332,000 Holdings in PCB Bancorp (NASDAQ:PCB)

Barclays PLC raised its position in PCB Bancorp (NASDAQ:PCB) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,407 shares of the company’s stock after purchasing an additional 2,311 shares during the period. Barclays PLC’s holdings in PCB Bancorp were worth $332,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of PCB Bancorp by 1.5% in the fourth quarter. Renaissance Technologies LLC now owns 55,100 shares of the company’s stock valued at $1,115,000 after acquiring an additional 799 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of PCB Bancorp by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,404 shares of the company’s stock worth $130,000 after purchasing an additional 1,395 shares during the last quarter. Empowered Funds LLC raised its stake in shares of PCB Bancorp by 4.8% during the 4th quarter. Empowered Funds LLC now owns 54,550 shares of the company’s stock worth $1,104,000 after purchasing an additional 2,510 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 worth $398,000 after purchasing an additional 10,571 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new position in shares of PCB Bancorp in the fourth quarter valued at $214,000. 33.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Sang Young Lee purchased 4,504 shares of PCB Bancorp stock in a transaction that occurred 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 purchase, the director now directly owns 1,530,711 shares of the company’s stock, valued at $30,277,463.58. This trade represents a 0.30 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 25.86% of the stock is currently owned by insiders.

PCB Bancorp Stock Down 1.2 %

Shares of NASDAQ PCB opened at $19.93 on Friday. The business’s 50 day moving average price is $18.68 and its two-hundred day moving average price is $19.60. The company has a market cap of $286.73 million, a PE ratio of 11.45 and a beta of 0.56. PCB Bancorp has a twelve month low of $14.50 and a twelve month high of $22.20.

PCB Bancorp (NASDAQ:PCB) last posted its earnings results on Thursday, April 24th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. PCB Bancorp had a return on equity of 9.02% and a net margin of 13.45%. The business had revenue of $26.86 million for the quarter, compared to analyst estimates of $26.40 million. As a group, research analysts anticipate that PCB Bancorp will post 2.04 EPS for the current fiscal year.

PCB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend 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%.

Analysts Set New Price Targets

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

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.