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Connor Clark & Lunn Investment Management Ltd. grew its stake in PCB Bancorp (NASDAQ:PCB - Get Rating) by 15.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,713 shares of the company's stock after purchasing an additional 6,502 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.34% of PCB Bancorp worth $898,000 as of its most recent SEC filing. Smt Pcb

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in PCB Bancorp by 251.0% during the third quarter. Tower Research Capital LLC TRC now owns 4,057 shares of the company's stock worth $74,000 after acquiring an additional 2,901 shares during the period. Allspring Global Investments Holdings LLC bought a new position in PCB Bancorp during the third quarter worth about $76,000. American International Group Inc. bought a new position in PCB Bancorp during the second quarter worth about $102,000. SG Americas Securities LLC acquired a new stake in PCB Bancorp during the second quarter worth about $155,000. Finally, Citigroup Inc. grew its stake in 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 buying an additional 4,497 shares in the last quarter. 50.63% of the stock is owned by institutional investors. PCB Bancorp Stock Up 1.8 %

Shares of PCB Bancorp stock opened at $18.48 on Monday. The company has a market capitalization of $273.50 million, a price-to-earnings ratio of 8.00 and a beta of 0.71. PCB Bancorp has a 12-month low of $17.59 and a 12-month high of $24.79. The firm's 50-day moving average price is $18.22 and its two-hundred day moving average price is $18.67.

PCB Bancorp (NASDAQ:PCB - Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.05). The firm had revenue of $26.65 million for the quarter, compared to analyst estimates of $27.95 million. PCB Bancorp had a return on equity of 13.29% and a net margin of 30.10%. On average, sell-side analysts expect that PCB Bancorp will post 2.45 earnings per share for the current year. PCB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 17th. Stockholders of record on Friday, February 10th were paid a $0.15 dividend. The ex-dividend date was Thursday, February 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.25%. PCB Bancorp's payout ratio is currently 25.97%. Insider Activity

In related news, Director Sang Young Lee purchased 7,000 shares of PCB Bancorp stock in a transaction dated Thursday, February 16th. The shares were bought at an average cost of $18.23 per share, for a total transaction of $127,610.00. Following the purchase, the director now owns 1,326,534 shares in the company, valued at approximately $24,182,714.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 24.05% of the stock is currently owned by corporate insiders. PCB Bancorp Company Profile (Get Rating)

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, remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.Read MoreGet a free copy of the StockNews.com research report on PCB Bancorp (PCB)MarketBeat Week in Review – 2/13 - 2/17Deere Stock Raises Outlook and is Ready to Power HigherDraftKings Crowning Achievement: Leverage Tesla Stock Comeback Is Picking Up SteamHow Abbott Labs, AbbVie Could Profit on Seizure Drug Formula

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