PCB Bancorp (NASDAQ:PCB) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

PCB Bancorp (NASDAQ:PCB) released its earnings results on Thursday. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07, Zacks reports. The business had revenue of $48.62 million for the quarter, compared to analysts’ expectations of $25.50 million. PCB Bancorp had a net margin of 13.37% and a return on equity of 8.55%.

PCB Bancorp Trading Up 1.8 %

Shares of PCB stock opened at $18.41 on Friday. The stock has a market cap of $262.66 million, a price-to-earnings ratio of 10.52 and a beta of 0.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. PCB Bancorp has a fifty-two week low of $14.50 and a fifty-two week high of $20.22. The firm’s 50 day moving average price is $18.49 and its two-hundred day moving average price is $16.89.

PCB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 3.91%. PCB Bancorp’s dividend payout ratio (DPR) is 41.14%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their price target on shares of PCB Bancorp from $17.00 to $20.00 and gave the company a “market perform” rating in a research report on Monday, July 29th.

Insider Buying and Selling at PCB Bancorp

In other news, Director Daniel Cho sold 25,000 shares of PCB Bancorp stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.47, for a total transaction of $461,750.00. Following the sale, the director now owns 98,000 shares in the company, valued at $1,810,060. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 25.01% of the stock is currently owned by corporate insiders.

About PCB Bancorp

PCB Bancorp operates as the bank holding company for PCB Bank that provides various banking products and services to small to medium-sized businesses, individuals, and professionals in Southern California. The company offers demand, savings, money market, and time deposits, as well as certificates of deposit; and trade finance, remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.