PCB Bancorp (PCB) to Release Quarterly Earnings on Thursday

PCB Bancorp (NASDAQ:PCB - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $26.40 million for the quarter.

PCB Bancorp (NASDAQ:PCB - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.46. PCB Bancorp had a net margin of 13.45% and a return on equity of 9.02%. 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 Down 0.1 %

PCB traded down $0.02 during trading on Friday, reaching $18.47. 33,286 shares of the company were exchanged, compared to its average volume of 27,478. The company's 50-day moving average is $18.74 and its two-hundred day moving average is $19.47. PCB Bancorp has a 12-month low of $14.50 and a 12-month high of $22.20. The company has a market cap of $265.73 million, a price-to-earnings ratio of 10.61 and a beta of 0.47.

PCB Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.33%. This is an increase from PCB Bancorp's previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 14th. PCB Bancorp's dividend payout ratio (DPR) is presently 45.98%.

Insider Buying and Selling

In other PCB Bancorp news, Director Sang Young Lee purchased 4,504 shares of the stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $19.78 per share, with a total value of $89,089.12. Following the acquisition, the director now directly owns 1,530,711 shares in the company, valued at approximately $30,277,463.58. The trade was a 0.30 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 25.01% of the stock is currently owned by company 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.