PCB Bancorp (NASDAQ:PCB) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 205,000 shares, a growth of 35.6% from the August 15th total of 151,200 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily volume of 114,200 shares, the short-interest ratio is currently 1.8 days.
Shares of PCB Bancorp stock traded down $0.10 during trading on Monday, hitting $19.02. 30,036 shares of the stock traded hands, compared to its average volume of 81,650. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.04. The stock has a market cap of $281.95 million, a price-to-earnings ratio of 10.68 and a beta of 0.93. The firm’s fifty day moving average is $18.90 and its 200-day moving average is $16.83. PCB Bancorp has a 52 week low of $8.20 and a 52 week high of $21.29.
PCB Bancorp (NASDAQ:PCB) last announced its quarterly earnings data on Wednesday, July 21st. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.49 by $0.15. The firm had revenue of $24.15 million for the quarter, compared to analyst estimates of $23.40 million. PCB Bancorp had a return on equity of 11.73% and a net margin of 29.64%. On average, analysts forecast that PCB Bancorp will post 2.42 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised PCB Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Wednesday, June 30th.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in PCB Bancorp during the 1st quarter worth approximately $40,000. Hillsdale Investment Management Inc. bought a new position in PCB Bancorp during the 2nd quarter worth approximately $43,000. Royal Bank of Canada grew its position in PCB Bancorp by 96.1% during the 2nd quarter. Royal Bank of Canada now owns 2,716 shares of the company’s stock worth $43,000 after acquiring an additional 1,331 shares during the last quarter. SG Americas Securities LLC bought a new position in PCB Bancorp during the 1st quarter worth approximately $102,000. Finally, The Manufacturers Life Insurance Company bought a new position in PCB Bancorp during the 1st quarter worth approximately $156,000. Institutional investors and hedge funds own 33.35% of the company’s stock.
PCB Bancorp Company Profile
PCB Bancorp operates as the bank holding company for Pacific City Bank that provides various banking products and services to individuals, and small and middle market businesses in Southern California. The firm offers demand, savings, money market, and time deposits, as well as certificates of deposit; and remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.
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