PCB Bancorp (PCB) to Release Quarterly Earnings on Thursday

PCB Bancorp (NASDAQ:PCB) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect PCB Bancorp to post earnings of $0.46 per share and revenue of $25,930.00 billion for the quarter.

PCB Bancorp (NASDAQ:PCB) last issued its earnings results on Thursday, October 24th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. The business had revenue of $48.62 million for the quarter, compared to analyst estimates of $25.50 million. PCB Bancorp had a net margin of 13.27% and a return on equity of 8.68%. On average, analysts expect PCB Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PCB Bancorp Stock Performance

Shares of NASDAQ:PCB opened at $19.55 on Wednesday. The firm has a market cap of $278.98 million, a PE ratio of 11.57 and a beta of 0.71. The firm’s 50 day simple moving average is $20.55 and its 200-day simple moving average is $19.11. PCB Bancorp has a one year low of $14.50 and a one year high of $22.20.

PCB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Friday, November 8th. PCB Bancorp’s dividend payout ratio (DPR) is presently 42.60%.

Wall Street Analysts Forecast Growth

PCB has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price objective on shares of PCB Bancorp from $20.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler lifted their price objective 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 Activity at PCB Bancorp

In other news, CEO Henry Kim bought 3,700 shares of the stock in a transaction on Wednesday, November 6th. The stock was bought at an average cost of $20.35 per share, for a total transaction of $75,295.00. Following the completion of the purchase, the chief executive officer now directly owns 24,713 shares in the company, valued at approximately $502,909.55. The trade was a 17.61 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sang Young Lee bought 8,174 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $20.74 per share, with a total value of $169,528.76. Following the completion of the purchase, the director now owns 1,517,708 shares of the company’s stock, valued at $31,477,263.92. This represents a 0.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 31,374 shares of company stock valued at $660,622 over the last ninety days. 25.01% of the stock is owned by company insiders.

PCB Bancorp Company Profile

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.