PCB Bancorp (NASDAQ:PCB) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

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

PCB Bancorp Stock Up 1.8 %

NASDAQ PCB opened at $18.41 on Friday. The business has a fifty day moving average price of $18.49 and a 200 day moving average price of $16.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current 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 has a one year low of $14.50 and a one year high of $20.22.

PCB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 8th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date of this dividend is Friday, November 8th. PCB Bancorp’s dividend payout ratio is presently 41.14%.

Insiders Place Their Bets

In other news, Director Daniel Cho sold 25,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.47, for a total value of $461,750.00. Following the completion of the sale, the director now directly owns 98,000 shares in the company, valued at $1,810,060. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 25.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.