PCB Bancorp (NASDAQ:PCB) Posts Earnings Results, Hits Expectations

PCB Bancorp (NASDAQ:PCB - Get Free Report) posted its earnings results on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46, Zacks reports. PCB Bancorp had a net margin of 13.45% and a return on equity of 9.02%.

PCB Bancorp Stock Up 0.3 %

Shares of NASDAQ:PCB traded up $0.06 during trading on Monday, hitting $19.35. 23,831 shares of the company were exchanged, compared to its average volume of 20,578. The company has a market capitalization of $276.07 million, a P/E ratio of 11.12 and a beta of 0.71. PCB Bancorp has a 1-year low of $14.50 and a 1-year high of $22.20. The business's 50 day moving average is $20.19 and its 200-day moving average is $19.31.

PCB Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be given a $0.20 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.80 dividend on an annualized basis and a yield of 4.13%. This is a positive change from PCB Bancorp's previous quarterly dividend of $0.18. PCB Bancorp's dividend payout ratio (DPR) is currently 45.98%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on PCB Bancorp from $20.00 to $23.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler increased their price objective on PCB Bancorp from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, October 28th.

Insider Activity

In related news, Director Don Rhee bought 7,300 shares of PCB Bancorp stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average cost of $21.22 per share, for a total transaction of $154,906.00. Following the completion of the acquisition, the director now directly owns 399,144 shares of the company's stock, valued at approximately $8,469,835.68. The trade was a 1.86 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sang Young Lee purchased 8,200 shares of the company's stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of $21.46 per share, for a total transaction of $175,972.00. Following the transaction, the director now directly owns 1,526,207 shares in the company, valued at approximately $32,752,402.22. This trade represents a 0.54 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 31,374 shares of company stock valued at $660,622. 25.01% of the stock is currently owned by corporate insiders.

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.