EJF Capital LLC grew its position in shares of Pacific City Financial Corporation (NYSE:PCB) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,550,123 shares of the company’s stock after acquiring an additional 86,227 shares during the quarter. Pacific City Financial accounts for approximately 3.3% of EJF Capital LLC’s portfolio, making the stock its 8th largest holding. EJF Capital LLC owned about 9.73% of Pacific City Financial worth $26,414,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PCB. Bank of America Corp DE boosted its holdings in Pacific City Financial by 217.0% during the 4th quarter. Bank of America Corp DE now owns 7,731 shares of the company’s stock worth $122,000 after acquiring an additional 5,292 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Pacific City Financial by 686.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,508 shares of the company’s stock worth $44,000 after acquiring an additional 2,189 shares during the last quarter. Martingale Asset Management L P purchased a new position in Pacific City Financial during the 1st quarter worth $742,000. Acadian Asset Management LLC boosted its holdings in Pacific City Financial by 50.1% during the 1st quarter. Acadian Asset Management LLC now owns 19,821 shares of the company’s stock worth $347,000 after acquiring an additional 6,616 shares during the last quarter. Finally, Context BH Capital Management LP boosted its holdings in Pacific City Financial by 1.5% during the 1st quarter. Context BH Capital Management LP now owns 192,485 shares of the company’s stock worth $3,359,000 after acquiring an additional 2,918 shares during the last quarter.
Separately, Zacks Investment Research raised shares of Pacific City Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd.
Pacific City Financial (NYSE:PCB) last announced its quarterly earnings data on Thursday, July 25th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.40. The firm had revenue of $20.75 million during the quarter, compared to the consensus estimate of $20.50 million.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, August 29th.
Pacific City Financial Company Profile
Pacific City Financial Corporation operates as a bank holding company for Pacific City Bank that provides various commercial banking products and services to individuals, professionals, and small-to-medium sized businesses in Southern California. The company offers checking, savings, and money market accounts, as well as certificates of deposit.
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