Pacific City Financial Corporation (PCB) Holdings Boosted by Context BH Capital Management LP
Context BH Capital Management LP boosted its stake in shares of Pacific City Financial Corporation (NYSE:PCB) by 1.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,485 shares of the company’s stock after purchasing an additional 2,918 shares during the period. Context BH Capital Management LP’s holdings in Pacific City Financial were worth $3,359,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. EJF Capital LLC raised its stake in Pacific City Financial by 7.8% during the fourth quarter. EJF Capital LLC now owns 728,098 shares of the company’s stock worth $11,395,000 after purchasing an additional 52,994 shares during the period. BlackRock Inc. raised its stake in Pacific City Financial by 3.0% during the fourth quarter. BlackRock Inc. now owns 665,119 shares of the company’s stock worth $10,409,000 after purchasing an additional 19,132 shares during the period. Basswood Capital Management L.L.C. raised its stake in shares of Pacific City Financial by 1.8% in the 4th quarter. Basswood Capital Management L.L.C. now owns 367,668 shares of the company’s stock valued at $5,754,000 after acquiring an additional 6,499 shares during the period. Cadence Capital Management LLC purchased a new position in shares of Pacific City Financial in the 1st quarter valued at $1,307,000. Finally, Vanguard Group Inc purchased a new position in shares of Pacific City Financial in the 3rd quarter valued at $1,327,000.
Shares of PCB stock opened at $17.07 on Monday. Pacific City Financial Corporation has a 52 week low of $13.36 and a 52 week high of $20.95.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Thursday, May 30th. This is an increase from Pacific City Financial’s previous quarterly dividend of $0.05.
Separately, Zacks Investment Research raised shares of Pacific City Financial from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th.
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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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