In a report released today, Matthew Clark from Piper Sandler initiated coverage with a Hold rating on PCB Bancorp (PCB – Research Report) and a price target of $17.00. The company’s shares closed yesterday at $16.03.
Clark covers the Financial sector, focusing on stocks such as Columbia Banking System, First Interstate Bancsystem, and Banc of California. According to TipRanks, Clark has an average return of 6.2% and a 51.63% success rate on recommended stocks.
PCB Bancorp has an analyst consensus of Hold, with a price target consensus of $17.00.
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PCB market cap is currently $226.8M and has a P/E ratio of 6.76.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PCB in relation to earlier this year. Most recently, in April 2023, KIM HENRY, the Pres, CEO & Dir of PCB bought 1,000.00 shares for a total of $10,330.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
PCB Bancorp is a bank holding company, which engages in the provision of consumer and commercial banking services. It includes personal and business checking accounts and savings accounts. The company was founded on July 9, 2007 and is headquartered in Los Angeles, CA.
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