11,533 Shares in PCB Bancorp (NASDAQ:PCB) Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC purchased a new stake in shares of PCB Bancorp (NASDAQ:PCB) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,533 shares of the company’s stock, valued at approximately $214,000. Diversify Advisory Services LLC owned about 0.08% of PCB Bancorp as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in PCB Bancorp by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 461,114 shares of the company’s stock valued at $7,506,000 after purchasing an additional 26,859 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of PCB Bancorp in the third quarter worth about $407,000. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 10,571 shares during the period. Barclays PLC lifted its holdings in PCB Bancorp by 299.2% in the third quarter. Barclays PLC now owns 14,096 shares of the company’s stock valued at $265,000 after acquiring an additional 10,565 shares during the period. Finally, Renaissance Technologies LLC boosted its position in PCB Bancorp by 24.2% in the 2nd quarter. Renaissance Technologies LLC now owns 52,401 shares of the company’s stock worth $853,000 after purchasing an additional 10,200 shares in the last quarter. 33.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PCB shares. Piper Sandler boosted their target price on shares of PCB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods upped their price objective on shares of PCB Bancorp from $20.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Insider Activity

In other news, CEO Henry Kim bought 3,700 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average price of $20.35 per share, for a total transaction of $75,295.00. Following the completion of the transaction, the chief executive officer now directly owns 24,713 shares in the company, valued at $502,909.55. The trade was a 17.61 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Don Rhee purchased 7,300 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average price of $21.22 per share, with a total value of $154,906.00. Following the completion of the transaction, the director now directly owns 399,144 shares of the company’s stock, valued at $8,469,835.68. This represents a 1.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 31,374 shares of company stock worth $660,622 over the last 90 days. 25.01% of the stock is currently owned by company insiders.

PCB Bancorp Price Performance

PCB Bancorp stock opened at $19.12 on Friday. The stock has a market capitalization of $272.84 million, a PE ratio of 11.31 and a beta of 0.71. The business has a 50 day simple moving average of $20.44 and a 200-day simple moving average of $19.14. PCB Bancorp has a 12 month low of $14.50 and a 12 month high of $22.20.

PCB Bancorp (NASDAQ:PCB) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.45 by $0.07. The company had revenue of $48.62 million during the quarter, compared to analyst estimates of $25.50 million. PCB Bancorp had a net margin of 13.27% and a return on equity of 8.68%. On average, equities research analysts anticipate that PCB Bancorp will post 1.78 EPS for the current fiscal year.

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.