PCB Bancorp (PCB) to Release Earnings on Thursday

PCB Bancorp (NASDAQ:PCB - Get Free Report) 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 - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $48.62 million for the quarter, compared to analyst estimates of $25.50 million. PCB Bancorp had a return on equity of 8.68% and a net margin of 13.27%. 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 Price Performance

NASDAQ PCB traded down $0.27 on Thursday, hitting $19.50. The company had a trading volume of 14,702 shares, compared to its average volume of 18,280. The company's fifty day moving average price is $20.63 and its 200-day moving average price is $19.01. The company has a market capitalization of $278.27 million, a PE ratio of 11.54 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were paid a dividend of $0.18 per share. The ex-dividend date was Friday, November 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.69%. PCB Bancorp's dividend payout ratio is currently 42.60%.

Analyst Ratings Changes

PCB has been the topic of a number of research reports. Piper Sandler raised their price target on shares of PCB Bancorp from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods raised their target price on PCB Bancorp from $20.00 to $23.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th.

Insider Transactions at PCB Bancorp

In related news, Director Don Rhee purchased 7,300 shares of the company's stock in a transaction dated Friday, November 29th. The stock was acquired at an average cost of $21.22 per share, for a total transaction of $154,906.00. Following the completion of the transaction, the director now directly owns 399,144 shares of the company's stock, valued at approximately $8,469,835.68. This trade represents a 1.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sang Young Lee purchased 8,174 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $20.74 per share, with a total value of $169,528.76. Following the acquisition, the director now owns 1,517,708 shares of the company's stock, valued at approximately $31,477,263.92. The trade was a 0.54 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 31,374 shares of company stock valued at $660,622 over the last 90 days. 25.01% of the stock is currently owned by corporate insiders.

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.