PCB Bancorp (PCB) Projected to Post Quarterly Earnings on Thursday

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

PCB Bancorp (NASDAQ:PCB) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. The firm had revenue of $48.62 million for the quarter, compared to analysts’ expectations 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

PCB Bancorp stock opened at $19.77 on Thursday. The stock has a market cap of $282.06 million, a P/E ratio of 11.70 and a beta of 0.71. PCB Bancorp has a fifty-two week low of $14.50 and a fifty-two week high of $22.20. The firm’s fifty day moving average price is $20.65 and its 200-day moving average price is $19.00.

PCB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were paid a $0.18 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a yield of 3.64%. PCB Bancorp’s dividend payout ratio is presently 42.60%.

Insider Activity

In other news, Director Sang Young Lee acquired 8,200 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of $21.46 per share, for a total transaction of $175,972.00. Following the acquisition, the director now directly owns 1,526,207 shares in the company, valued at approximately $32,752,402.22. The trade was a 0.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Don Rhee bought 7,300 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were bought at an average price of $21.22 per share, with a total value of $154,906.00. Following the completion of the purchase, the director now owns 399,144 shares in the company, valued at approximately $8,469,835.68. The trade was a 1.86 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 31,374 shares of company stock worth $660,622. Insiders own 25.01% of the company’s stock.

Wall Street Analyst Weigh In

PCB has been the topic of a number of recent research reports. Piper Sandler raised their price objective on PCB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods raised their target price on PCB Bancorp from $20.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.