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

PCB Bancorp (NASDAQ:PCB) issued 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. PCB Bancorp had a net margin of 13.37% and a return on equity of 8.55%. The company had revenue of $48.62 million for the quarter, compared to analysts’ expectations of $25.50 million.

PCB Bancorp Price Performance

Shares of PCB stock opened at $18.41 on Friday. The stock’s 50-day moving average is $18.49 and its 200 day moving average is $16.89. PCB Bancorp has a 1-year low of $14.50 and a 1-year high of $20.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $262.66 million, a P/E ratio of 10.52 and a beta of 0.67.

PCB Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods increased their price objective on shares of PCB Bancorp from $17.00 to $20.00 and gave the company a “market perform” rating in a research note 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 value of $461,750.00. Following the transaction, the director now owns 98,000 shares of the company’s stock, valued at $1,810,060. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 25.01% of the company’s stock.

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.