PCB Bancorp (NASDAQ:PCB) Short Interest Down 18.9% in April

PCB Bancorp (NASDAQ:PCB) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 54,800 shares, a decline of 18.9% from the March 31st total of 67,600 shares. Based on an average daily trading volume, of 16,800 shares, the short-interest ratio is currently 3.3 days. Approximately 0.5% of the company’s shares are sold short.

Insider Buying and Selling at PCB Bancorp

In other news, Director Sang Young Lee purchased 4,202 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average cost of $15.95 per share, with a total value of $67,021.90. Following the purchase, the director now owns 1,451,269 shares in the company, valued at $23,147,740.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have purchased 15,509 shares of company stock worth $247,400. Insiders own 25.01% of the company’s stock.

Institutional Investors Weigh In On PCB Bancorp

Several large investors have recently added to or reduced their stakes in PCB. New York State Common Retirement Fund lifted its stake in PCB Bancorp by 96.7% during the fourth quarter. New York State Common Retirement Fund now owns 4,882 shares of the company’s stock worth $90,000 after purchasing an additional 2,400 shares during the last quarter. SG Americas Securities LLC lifted its stake in PCB Bancorp by 10.9% during the fourth quarter. SG Americas Securities LLC now owns 10,147 shares of the company’s stock worth $187,000 after purchasing an additional 997 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of PCB Bancorp in the third quarter worth about $186,000. Institutional investors own 33.04% of the company’s stock.

PCB Bancorp Stock Performance

Shares of PCB stock traded up $0.25 during trading on Friday, hitting $15.47. The company’s stock had a trading volume of 25,690 shares, compared to its average volume of 20,820. The business has a fifty day moving average of $15.75 and a 200-day moving average of $16.34. PCB Bancorp has a 52 week low of $12.86 and a 52 week high of $19.03. The company has a market cap of $220.60 million, a PE ratio of 8.84 and a beta of 0.63. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14.

PCB Bancorp (NASDAQ:PCB) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.07). PCB Bancorp had a net margin of 14.69% and a return on equity of 9.14%. The firm had revenue of $24.43 million for the quarter, compared to the consensus estimate of $24.95 million. As a group, research analysts anticipate that PCB Bancorp will post 1.7 earnings per share for the current year.

PCB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date is Thursday, May 9th. PCB Bancorp’s payout ratio is currently 41.14%.

About PCB Bancorp

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.