PCB Bancorp (PCB) Expected to Announce Earnings on Thursday

PCB Bancorp (NASDAQ:PCB) is expected to be announcing 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, topping analysts’ consensus estimates of $0.45 by $0.07. PCB Bancorp had a net margin of 13.27% and a return on equity of 8.68%. The firm had revenue of $48.62 million for 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 Stock Performance

Shares of NASDAQ PCB opened at $19.47 on Tuesday. The stock has a market cap of $277.84 million, a P/E ratio of 11.52 and a beta of 0.71. The firm has a 50 day moving average price of $20.59 and a two-hundred day moving average price of $19.08. PCB Bancorp has a 52-week low of $14.50 and a 52-week high of $22.20.

PCB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 annualized dividend and a dividend yield of 3.70%. PCB Bancorp’s payout ratio is 42.60%.

Insiders Place Their Bets

In other PCB Bancorp news, CEO Henry Kim bought 3,000 shares of the stock in a transaction dated Monday, November 25th. The shares were bought at an average cost of $21.44 per share, for a total transaction of $64,320.00. Following the purchase, the chief executive officer now directly owns 22,785 shares of the company’s stock, valued at approximately $488,510.40. This trade represents a 15.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Don Rhee acquired 7,300 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now directly owns 399,144 shares of the company’s stock, valued at $8,469,835.68. The trade was a 1.86 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 31,374 shares of company stock valued at $660,622. Corporate insiders own 25.01% of the company’s stock.

Analyst Upgrades and Downgrades

PCB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of 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 target price on PCB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, October 28th.

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.