PCB Bancorp (NASDAQ:PCB – Get Free Report) 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
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.
Check Out Our Latest Research Report on PCB
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.
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