SG Americas Securities LLC Has $187,000 Position in PCB Bancorp (NASDAQ:PCB)

SG Americas Securities LLC increased its stake in shares of PCB Bancorp (NASDAQ:PCB) by 10.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,147 shares of the company’s stock after purchasing an additional 997 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of PCB Bancorp worth $187,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in PCB. Bank of New York Mellon Corp boosted its holdings in shares of PCB Bancorp by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 75,241 shares of the company’s stock worth $1,727,000 after purchasing an additional 1,398 shares during the period. American Century Companies Inc. boosted its holdings in shares of PCB Bancorp by 31.5% during the first quarter. American Century Companies Inc. now owns 56,750 shares of the company’s stock worth $1,302,000 after purchasing an additional 13,584 shares during the period. Citigroup Inc. boosted its holdings in shares of PCB Bancorp by 79.2% during the first quarter. Citigroup Inc. now owns 10,175 shares of the company’s stock worth $234,000 after purchasing an additional 4,497 shares during the period. LSV Asset Management boosted its holdings in shares of PCB Bancorp by 59.4% during the first quarter. LSV Asset Management now owns 351,411 shares of the company’s stock worth $8,065,000 after purchasing an additional 130,906 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of PCB Bancorp by 5.3% during the first quarter. Vanguard Group Inc. now owns 516,294 shares of the company’s stock worth $11,849,000 after purchasing an additional 26,053 shares during the period. 33.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PCB Bancorp

In other PCB Bancorp news, Director Sang Young Lee bought 7,215 shares of PCB Bancorp stock in a transaction on Friday, March 1st. The stock was purchased at an average cost of $15.91 per share, for a total transaction of $114,790.65. Following the completion of the purchase, the director now directly owns 1,465,199 shares of the company’s stock, valued at $23,311,316.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired 15,509 shares of company stock worth $247,400 over the last ninety days. 25.73% of the stock is currently owned by insiders.

PCB Bancorp Stock Performance

PCB stock opened at $15.22 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $217.04 million, a P/E ratio of 7.18 and a beta of 0.63. The firm has a 50 day simple moving average of $15.90 and a 200 day simple moving average of $16.34. PCB Bancorp has a 52 week low of $12.86 and a 52 week high of $19.03.

PCB Bancorp (NASDAQ:PCB) last posted its earnings results on Thursday, January 25th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.07). The business had revenue of $24.43 million during the quarter, compared to analyst estimates of $24.95 million. PCB Bancorp had a net margin of 18.97% and a return on equity of 11.25%. Research analysts anticipate that PCB Bancorp will post 1.7 earnings per share for the current fiscal year.

PCB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 9th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date was Thursday, February 8th. PCB Bancorp’s dividend payout ratio (DPR) is presently 33.96%.

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.