PCB Bancorp (NASDAQ:PCB) Stock Rating Upgraded by Wall Street Zen

PCB Bancorp (NASDAQ:PCB) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other analysts also recently weighed in on PCB. Piper Sandler lifted their price objective on PCB Bancorp from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Keefe, Bruyette & Woods raised their target price on shares of PCB Bancorp from $23.50 to $25.00 and gave the company a “market perform” rating in a research report on Monday, October 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of PCB Bancorp in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, PCB Bancorp currently has a consensus rating of “Hold” and an average target price of $24.50.

PCB Bancorp Stock Down 0.2%

Shares of NASDAQ PCB opened at $21.68 on Friday. PCB Bancorp has a 52-week low of $16.00 and a 52-week high of $22.45. The firm has a market capitalization of $309.18 million, a price-to-earnings ratio of 9.07 and a beta of 0.60. The stock has a 50 day moving average price of $21.11 and a 200 day moving average price of $20.93. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.06 and a current ratio of 1.06.

PCB Bancorp (NASDAQ:PCB) last issued its earnings results on Wednesday, May 24th. The company reported $0.85 earnings per share for the quarter. PCB Bancorp had a return on equity of 11.70% and a net margin of 17.08%.The business had revenue of $24.15 million during the quarter. Sell-side analysts expect that PCB Bancorp will post 2.04 earnings per share for the current year.

Institutional Investors Weigh In On PCB Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in PCB Bancorp by 4.9% in the second quarter. Rhumbline Advisers now owns 16,056 shares of the company’s stock valued at $337,000 after acquiring an additional 750 shares in the last quarter. CWM LLC increased its position in shares of PCB Bancorp by 61.5% during the second quarter. CWM LLC now owns 2,046 shares of the company’s stock worth $43,000 after purchasing an additional 779 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of PCB Bancorp by 28.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,033 shares of the company’s stock valued at $85,000 after purchasing an additional 882 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of PCB Bancorp by 88.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,916 shares of the company’s stock worth $40,000 after purchasing an additional 898 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in PCB Bancorp by 3.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 30,252 shares of the company’s stock worth $566,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 33.04% of the company’s stock.

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.