Director Lee Sang Young of PCB Bancorp (NASDAQ:PCB) reported a recent acquisition of the bank's common stock in a Form 4 filing with the Securities and Exchange Commission. On February 23, 2026, Lee bought a total of 5,000 shares across two transactions at prices that ranged from $22.45 to $22.50, with the combined consideration listed as $112,400.
The filing indicates the added shares were acquired indirectly through a family trust. After the February transactions, Lee's indirect position in PCB Bancorp stands at 1,587,842 shares. The disclosure provides a snapshot of one director's fresh purchase of company stock and the resulting change in reported holdings.
At the time of the reported transactions the stock traded with a price-to-earnings ratio of 8.65 and yielded 3.98% on dividends, with shares having appreciated roughly 20% over the prior 12 months. Separately, analysis noted in the filing materials - identified as InvestingPro analysis - suggested the shares appear undervalued based on Fair Value calculations and that the company has raised its dividend for seven consecutive years.
Concurrently with the insider purchase, PCB Bancorp's board announced an increase in the quarterly cash dividend. Directors approved a $0.22 per common share distribution, representing a 10% increase from the prior $0.20 per share payout. The board set the dividend to be paid on or about February 20, 2026, to holders of record as of February 13, 2026.
These items together - a director purchase, published valuation commentary, and a dividend hike - form the recent public activity relating to the company's capital allocation and insider positioning. The Form 4 filing supplies the formal record of the director's trades and the company's investor communications document the dividend change and its timing.
Key takeaways
- Lee Sang Young reported purchasing 5,000 shares on February 23, 2026, in two transactions priced between $22.45 and $22.50, totaling $112,400.
- The acquisition increased Lee's indirect holdings via a family trust to 1,587,842 shares of PCB Bancorp.
- The board raised the quarterly dividend to $0.22 per share, a 10% increase, with payment expected on or about February 20, 2026, to shareholders of record as of February 13, 2026.
Context provided in filings
- The stock carried a P/E ratio of 8.65 and a dividend yield of 3.98% at the time of the reported transaction, with shares up 20% over the previous year.
- InvestingPro analysis referenced in the materials characterized the stock as appearing undervalued using Fair Value calculations and noted seven consecutive years of dividend increases.