PCB Bancorp (NASDAQ:PCB) Announces Quarterly Earnings Results

PCB Bancorp (NASDAQ:PCB) posted its quarterly earnings data on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46, Zacks reports. PCB Bancorp had a net margin of 13.27% and a return on equity of 8.68%.

PCB Bancorp Stock Up 1.3 %

Shares of NASDAQ PCB opened at $19.29 on Friday. The stock has a market cap of $275.27 million, a P/E ratio of 11.41 and a beta of 0.71. The firm’s 50-day simple moving average is $20.22 and its 200 day simple moving average is $19.28. PCB Bancorp has a fifty-two week low of $14.50 and a fifty-two week high of $22.20.

PCB Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Friday, February 14th. This is a positive change from PCB Bancorp’s previous quarterly dividend of $0.18. PCB Bancorp’s payout ratio is 42.60%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on PCB Bancorp from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Piper Sandler upped their price target on shares of PCB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, October 28th.

Insider Buying and Selling at PCB Bancorp

In other PCB Bancorp news, CEO Henry Kim acquired 3,700 shares of PCB Bancorp stock in a transaction dated Wednesday, November 6th. The stock was bought at an average price of $20.35 per share, for a total transaction of $75,295.00. Following the transaction, the chief executive officer now owns 24,713 shares in the company, valued at approximately $502,909.55. This trade represents a 17.61 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sang Young Lee bought 8,200 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was acquired at an average price of $21.46 per share, for a total transaction of $175,972.00. Following the completion of the acquisition, the director now directly owns 1,526,207 shares in the company, valued at approximately $32,752,402.22. This represents a 0.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 31,374 shares of company stock valued at $660,622. Company 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.