27,660 Shares in PCB Bancorp $PCB Acquired by GSA Capital Partners LLP

by · The Markets Daily

GSA Capital Partners LLP purchased a new stake in PCB Bancorp (NASDAQ:PCB – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 27,660 shares of the company’s stock, valued at approximately $785,000.

A number of other large investors have also recently bought and sold shares of PCB. Goldman Sachs Group Inc. raised its stake in PCB Bancorp by 83.6% during the first quarter. Goldman Sachs Group Inc. now owns 194,598 shares of the company’s stock worth $3,641,000 after acquiring an additional 88,589 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of PCB Bancorp by 233.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 100,987 shares of the company’s stock valued at $2,186,000 after purchasing an additional 70,717 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of PCB Bancorp in the 2nd quarter worth about $837,000. Dimensional Fund Advisors LP grew its holdings in shares of PCB Bancorp by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 589,218 shares of the company’s stock worth $12,756,000 after purchasing an additional 21,948 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of PCB Bancorp by 94.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 31,908 shares of the company’s stock worth $670,000 after purchasing an additional 15,467 shares in the last quarter. 33.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on PCB. Piper Sandler lifted their price target on shares of PCB Bancorp from $25.50 to $26.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Keefe, Bruyette & Woods upped their price objective on shares of PCB Bancorp from $29.00 to $29.50 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of PCB Bancorp in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.75.

Check Out Our Latest Report on PCB Bancorp

PCB Bancorp Price Performance

PCB Bancorp stock opened at $27.67 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $388.76 million, a P/E ratio of 9.57 and a beta of 0.49. The business’s fifty day moving average is $28.15 and its two-hundred day moving average is $25.10. PCB Bancorp has a 52 week low of $19.70 and a 52 week high of $30.83.

PCB Bancorp (NASDAQ:PCB – Get Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. PCB Bancorp had a return on equity of 12.91% and a net margin of 19.65%.The company had revenue of $30.70 million during the quarter, compared to analyst estimates of $31.10 million. Equities research analysts forecast that PCB Bancorp will post 2.94 earnings per share for the current fiscal year.

PCB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, August 7th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.88 dividend on an annualized basis and a yield of 3.2%. PCB Bancorp’s dividend payout ratio is currently 30.45%.

PCB Bancorp Profile

(Free Report)

PCB Bancorp is the bank holding company for Pacific City Bank, a California-chartered bank founded in 1999 and headquartered in Torrance, California. As the parent of an FDIC-insured institution, PCB Bancorp oversees a community-focused banking franchise that serves both retail customers and commercial enterprises. The company’s strategy emphasizes personalized service and deep market knowledge to meet the evolving needs of individuals, families and businesses in Southern California.

Through its subsidiary Pacific City Bank, PCB Bancorp offers a broad range of financial products and services, including deposit accounts, commercial real estate and construction lending, residential mortgages, trade finance, treasury management and wealth advisory solutions.

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