15,497 Shares in Pacific City Financial Corporation (PCB) Acquired by Teachers Advisors LLC
Teachers Advisors LLC bought a new stake in Pacific City Financial Corporation (NYSE:PCB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,497 shares of the company’s stock, valued at approximately $300,000.
Other large investors have also recently added to or reduced their stakes in the company. Engineers Gate Manager LP bought a new position in shares of Pacific City Financial in the third quarter valued at $277,000. Pacific Ridge Capital Partners LLC bought a new position in Pacific City Financial during the third quarter worth $2,634,000. Maltese Capital Management LLC bought a new position in Pacific City Financial during the third quarter worth $6,400,000. EJF Capital LLC bought a new position in Pacific City Financial during the third quarter worth $13,057,000. Finally, BlackRock Inc. bought a new position in Pacific City Financial during the third quarter worth $12,494,000.
PCB stock opened at $16.73 on Friday. Pacific City Financial Corporation has a one year low of $13.36 and a one year high of $20.95.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 28th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from Pacific City Financial’s previous quarterly dividend of $0.03.
Separately, Zacks Investment Research cut shares of Pacific City Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th.
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Pacific City Financial Company Profile
Pacific City Financial Corporation operates as a bank holding company for Pacific City Bank that provides various commercial banking products and services to individuals, professionals, and small-to-medium sized businesses in Southern California. The company offers checking, savings, and money market accounts, as well as certificates of deposit.
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