New insider activity at PCB Bancorp ( (PCB) ) has taken place on February 14, 2025.
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Director Sang Young Lee has made a significant investment in PCB Bancorp by purchasing 4,504 shares of the company’s stock. This transaction is valued at $89,103, marking a strong vote of confidence in the company’s future prospects.
Recent Updates on PCB stock
PCB Bancorp recently released its Q4 2024 earnings report, highlighting a mixed financial performance. The company reported a net income of $6.7 million for the quarter, showing a decrease from the previous quarter but an improvement from the year-ago quarter. Despite a modest increase in net interest income and significant growth in loans held-for-investment, the provision for credit losses rose to $2.0 million, reflecting heightened focus on credit risk amidst economic uncertainties and recent wildfires in Southern California. The efficiency ratio improved to 53% due to cost-saving measures, and total assets grew by 9.8% over the previous year. PCB Bancorp also announced a $0.20 per share dividend. Market sentiment remains cautious, with technical consensus indicating a ‘Sell’ rating, while the company remains optimistic about 2025, aiming to expand its branch network and enhance operational efficiencies.
More about PCB Bancorp
YTD Price Performance: 2.04%
Average Trading Volume: 27,713
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $285.8M
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