PCB Bancorp (PCB) Projected to Post Earnings on Thursday

PCB Bancorp (NASDAQ:PCB) is expected to announce its earnings results 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 posted its earnings results on Thursday, October 24th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. PCB Bancorp had a return on equity of 8.68% and a net margin of 13.27%. The business had revenue of $48.62 million during the quarter, compared to analyst estimates of $25.50 million. 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 Trading Down 0.2 %

Shares of PCB Bancorp stock opened at $19.47 on Tuesday. The company’s 50-day moving average price is $20.59 and its 200-day moving average price is $19.08. The company has a market cap of $277.84 million, a price-to-earnings ratio of 11.52 and a beta of 0.71. PCB Bancorp has a 12-month low of $14.50 and a 12-month high of $22.20.

PCB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 8th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 3.70%. The ex-dividend date was Friday, November 8th. PCB Bancorp’s payout ratio is 42.60%.

Insider Transactions at PCB Bancorp

In other PCB Bancorp news, CEO Henry Kim purchased 3,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was acquired at an average cost of $21.44 per share, for a total transaction of $64,320.00. Following the completion of the transaction, the chief executive officer now directly owns 22,785 shares in the company, valued at approximately $488,510.40. This represents a 15.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sang Young Lee acquired 8,200 shares of PCB Bancorp stock in a transaction dated Monday, November 25th. The shares were bought at an average cost of $21.46 per share, for a total transaction of $175,972.00. Following the completion of the purchase, the director now directly owns 1,526,207 shares of the company’s stock, valued at approximately $32,752,402.22. The trade was a 0.54 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 31,374 shares of company stock valued at $660,622. Insiders own 25.01% of the company’s stock.

Analysts Set New Price Targets

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

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.