1 day Ago By Defense World Staff
Renaissance Technologies LLC raised its position in shares of PCB Bancorp (NASDAQ:PCB – Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,100 shares of the company’s stock after purchasing an additional 799 shares during the quarter.
Renaissance Technologies LLC owned about 0.39% of PCB Bancorp worth $1,115,000 as of its most recent SEC filing. Several other hedge funds also recently modified their holdings of PCB.
JPMorgan Chase & Co. lifted its stake in PCB Bancorp by 99.6% during the third quarter.
JPMorgan Chase & Co. now owns 21,189 shares of the company’s stock valued at $398,000 after purchasing an additional 10,571 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of PCB Bancorp by 19.
8% during the 4th quarter. Bank of New York Mellon Corp now owns 82,023 shares of the company’s stock valued at $1,660,000 after acquiring an additional 13,529 shares during the last quarter. Barclays PLC boosted its stake in shares of PCB Bancorp by 299.
2% during the 3rd quarter. Barclays PLC now owns 14,096 shares of the company’s stock worth $265,000 after acquiring an additional 10,565 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of PCB Bancorp by 0.
7% in the 3rd quarter. Geode Capital Management LLC now owns 255,959 shares of the company’s stock worth $4,810,000 after acquiring an additional 1,751 shares during the last quarter. Finally, Empowered Funds LLC raised its position 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 purchasing an additional 2,510 shares during the period. 33.
04% of the stock is currently owned by institutional investors and hedge funds. PCB Bancorp Stock PerformanceShares of NASDAQ:PCB opened at $19.85 on Wednesday.
The firm has a 50 day simple moving average of $18.61 and a 200 day simple moving average of $19.53.
PCB Bancorp has a 52 week low of $14.50 and a 52 week high of $22.20.
The company has a market cap of $285.58 million, a PE ratio of 11.41 and a beta of 0.
47. PCB Bancorp (NASDAQ:PCB – Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.
53 earnings per share (EPS) for the quarter, beating 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 company had revenue of $26.86 million during the quarter, compared to analyst estimates of $26.40 million.
On average, equities analysts predict that PCB Bancorp will post 2.04 earnings per share for the current year. PCB Bancorp Dividend AnnouncementThe firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th.
Shareholders of record on Friday, May 9th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 9th.
This represents a $0.80 annualized dividend and a yield of 4.03%.
PCB Bancorp’s dividend payout ratio (DPR) is presently 41.24%. Insider ActivityIn related news, Director Sang Young Lee acquired 4,504 shares of the stock in a transaction that occurred on Thursday, February 13th.
The shares were purchased at an average cost of $19.78 per share, with a total value of $89,089.12.
Following the completion of the transaction, the director now owns 1,530,711 shares of the company’s stock, valued at approximately $30,277,463.58. This trade represents a 0.
30 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 25.
01% of the stock is owned by corporate insiders. Analyst Ratings ChangesSeparately, Keefe, Bruyette & Woods increased their price target on PCB Bancorp from $21.00 to $23.
00 and gave the company a “market perform” rating in a research report on Tuesday.View Our Latest Stock Analysis on PCBPCB Bancorp Company Profile (Free Report)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.
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