PCB Bancorp (NASDAQ:PCB) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of PCB Bancorp (NASDAQ:PCB) by 122.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 48,161 shares of the company’s stock after acquiring an additional 26,509 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in PCB Bancorp were worth $975,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of PCB Bancorp by 99.6% during the third 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. Charles Schwab Investment Management Inc. grew its holdings in shares of PCB Bancorp by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 30,841 shares of the company’s stock worth $580,000 after buying an additional 1,814 shares in the last quarter. Barclays PLC grew its holdings in shares of PCB Bancorp by 299.2% during the third quarter. Barclays PLC now owns 14,096 shares of the company’s stock worth $265,000 after buying an additional 10,565 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of PCB Bancorp by 0.7% during the third quarter. Geode Capital Management LLC now owns 255,959 shares of the company’s stock worth $4,810,000 after buying an additional 1,751 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of PCB Bancorp by 4.8% during the fourth quarter. Empowered Funds LLC now owns 54,550 shares of the company’s stock worth $1,104,000 after buying an additional 2,510 shares in the last quarter. Hedge funds and other institutional investors own 33.04% of the company’s stock.

PCB Bancorp Trading Down 1.4 %

Shares of PCB opened at $18.88 on Friday. PCB Bancorp has a 12-month low of $14.50 and a 12-month high of $22.20. The firm has a 50-day moving average price of $19.38 and a 200 day moving average price of $19.54. The firm has a market capitalization of $271.51 million, a P/E ratio of 10.85 and a beta of 0.65.

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

PCB Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a $0.20 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.24%. This is a positive change from PCB Bancorp’s previous quarterly dividend of $0.18. PCB Bancorp’s dividend payout ratio is currently 45.98%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their target price on shares of PCB Bancorp from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Insider Activity at PCB Bancorp

In related news, Director Sang Young Lee bought 4,504 shares of the stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $19.78 per share, with a total value of $89,089.12. Following the completion of the purchase, the director now directly owns 1,530,711 shares in the company, valued at $30,277,463.58. This represents a 0.30 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 25.01% of the stock is currently owned by insiders.

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.