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

PCB Bancorp (NASDAQ:PCB) will likely be issuing 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 announced its quarterly earnings results on Thursday, October 24th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. The company had revenue of $48.62 million during the quarter, compared to the consensus estimate of $25.50 million. PCB Bancorp had a return on equity of 8.68% and a net margin of 13.27%. 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 Price Performance

PCB stock opened at $19.77 on Thursday. The stock has a market capitalization of $282.06 million, a P/E ratio of 11.70 and a beta of 0.71. The business has a 50-day moving average of $20.65 and a 200-day moving average of $19.00. PCB Bancorp has a fifty-two week low of $14.50 and a fifty-two week high of $22.20.

PCB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 8th were given a dividend of $0.18 per share. The ex-dividend date was Friday, November 8th. This represents a $0.72 annualized dividend and a yield of 3.64%. PCB Bancorp’s dividend payout ratio (DPR) is presently 42.60%.

Insiders Place Their Bets

In related news, CEO Henry Kim bought 3,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $21.44 per share, with a total value of $64,320.00. Following the acquisition, the chief executive officer now owns 22,785 shares of the company’s stock, valued at $488,510.40. This represents a 15.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sang Young Lee bought 8,174 shares of the business’s stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $20.74 per share, for a total transaction of $169,528.76. Following the completion of the acquisition, the director now directly owns 1,517,708 shares in the company, valued at approximately $31,477,263.92. This trade represents a 0.54 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 31,374 shares of company stock worth $660,622 in the last 90 days. Company insiders own 25.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on PCB shares. Piper Sandler increased their price target on PCB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods increased their price target 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.

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.