O Shaughnessy Asset Management LLC Has $279,000 Stock Holdings in PCB Bancorp (NASDAQ:PCB)

O Shaughnessy Asset Management LLC trimmed its position in PCB Bancorp (NASDAQ:PCB) by 33.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,787 shares of the company’s stock after selling 6,896 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.10% of PCB Bancorp worth $279,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of PCB Bancorp by 99.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 21,189 shares of the company’s stock worth $398,000 after buying an additional 10,571 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in PCB Bancorp by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 30,841 shares of the company’s stock worth $580,000 after acquiring an additional 1,814 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of PCB Bancorp by 19.8% in the fourth quarter. Bank of New York Mellon Corp now owns 82,023 shares of the company’s stock worth $1,660,000 after acquiring an additional 13,529 shares during the last quarter. Barclays PLC boosted its stake in shares of PCB Bancorp by 299.2% in the 3rd quarter. Barclays PLC now owns 14,096 shares of the company’s stock valued at $265,000 after purchasing an additional 10,565 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of PCB Bancorp by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 255,959 shares of the company’s stock valued at $4,810,000 after purchasing an additional 1,751 shares during the last quarter. 33.04% of the stock is currently owned by institutional investors and hedge funds.

PCB Bancorp Price Performance

PCB stock opened at $17.47 on Friday. The stock has a market cap of $251.24 million, a price-to-earnings ratio of 10.04 and a beta of 0.47. The company has a 50 day simple moving average of $18.96 and a 200 day simple moving average of $19.48. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $22.20.

PCB Bancorp (NASDAQ:PCB) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. PCB Bancorp had a return on equity of 9.02% and a net margin of 13.45%. On average, equities research analysts anticipate that PCB Bancorp will post 2.04 EPS for the current fiscal year.

PCB Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.58%. This is a positive change from PCB Bancorp’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, February 14th. PCB Bancorp’s dividend payout ratio (DPR) is presently 45.98%.

Insider Transactions at PCB Bancorp

In other PCB Bancorp news, Director Sang Young Lee purchased 4,504 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $19.78 per share, for a total transaction of $89,089.12. Following the completion of the acquisition, the director now owns 1,530,711 shares in the company, valued at approximately $30,277,463.58. This trade represents a 0.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 25.01% of the company’s stock.

PCB Bancorp Company Profile

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.