PCB Bancorp (NASDAQ:PCB) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

PCB Bancorp (NASDAQ:PCB - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07, Zacks reports. PCB Bancorp had a net margin of 13.37% and a return on equity of 8.55%. The business had revenue of $48.62 million during the quarter, compared to analyst estimates of $25.50 million.

PCB Bancorp Stock Performance

Shares of PCB stock traded up $0.33 during mid-day trading on Friday, reaching $18.41. The stock had a trading volume of 22,724 shares, compared to its average volume of 21,638. PCB Bancorp has a one year low of $14.50 and a one year high of $20.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The firm's 50 day simple moving average is $18.49 and its 200 day simple moving average is $16.87. The firm has a market cap of $262.66 million, a PE ratio of 10.71 and a beta of 0.67.

Insider Activity at PCB Bancorp

In other PCB Bancorp news, Director Daniel Cho sold 25,000 shares of PCB Bancorp stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $18.47, for a total transaction of $461,750.00. Following the transaction, the director now directly owns 98,000 shares in the company, valued at approximately $1,810,060. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 25.01% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods boosted their price target on shares of PCB Bancorp from $17.00 to $20.00 and gave the company a "market perform" rating in a research report on Monday, July 29th.

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.