PCB Bancorp (NASDAQ:PCB) Stock Price Down 0.3% – Time to Sell?

PCB Bancorp (NASDAQ:PCB) dropped 0.3% during trading on Tuesday . The company traded as low as $28.34 and last traded at $28.63. Approximately 28,973 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 39,949 shares. The stock had previously closed at $28.73.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PCB shares. Weiss Ratings upgraded shares of PCB Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of PCB Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Piper Sandler raised their price objective on PCB Bancorp from $25.50 to $26.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Zacks Research cut PCB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, PCB Bancorp has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

PCB Bancorp Stock Performance

The firm’s 50-day moving average is $25.73 and its 200 day moving average is $23.72. The stock has a market cap of $407.55 million, a PE ratio of 10.30 and a beta of 0.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.07.

PCB Bancorp (NASDAQ:PCB) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. PCB Bancorp had a return on equity of 12.70% and a net margin of 19.03%.The firm had revenue of $30.18 million during the quarter, compared to analysts’ expectations of $31.10 million. As a group, research analysts anticipate that PCB Bancorp will post 2.95 EPS for the current year.

PCB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.1%. PCB Bancorp’s dividend payout ratio is currently 31.65%.

Institutional Trading of PCB Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new position in shares of PCB Bancorp in the 1st quarter worth about $220,000. 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 during the period. Empowered Funds LLC lifted its holdings in PCB Bancorp by 7.2% in the first quarter. Empowered Funds LLC now owns 58,475 shares of the company’s stock worth $1,094,000 after acquiring an additional 3,925 shares during the last quarter. Jane Street Group LLC bought a new position in PCB Bancorp in the first quarter worth about $272,000. Finally, Strs Ohio acquired a new position in PCB Bancorp in the first quarter valued at approximately $94,000. Institutional investors own 33.04% of the company’s stock.

PCB Bancorp Company Profile

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.