PCB Bancorp (PCB) to Release Earnings on Friday

PCB Bancorp (NASDAQ:PCB) is scheduled to be announcing its earnings results on Friday, April 19th.

PCB Bancorp (NASDAQ:PCB) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.07). PCB Bancorp had a return on equity of 11.25% and a net margin of 18.97%. The firm had revenue of $24.43 million for the quarter, compared to the consensus estimate of $24.95 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 Price Performance

PCB opened at $15.22 on Thursday. PCB Bancorp has a 12-month low of $12.86 and a 12-month high of $19.03. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $15.84 and its 200-day simple moving average is $16.33. The company has a market capitalization of $217.10 million, a price-to-earnings ratio of 7.18 and a beta of 0.63.

PCB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Thursday, February 8th. PCB Bancorp’s payout ratio is 33.96%.

Insider Transactions at PCB Bancorp

In other news, Director Sang Young Lee purchased 7,215 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were acquired at an average price of $15.91 per share, with a total value of $114,790.65. Following the transaction, the director now owns 1,465,199 shares of the company’s stock, valued at $23,311,316.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have bought 15,509 shares of company stock valued at $247,400. 25.73% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PCB Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in PCB Bancorp by 82.6% during the third quarter. Tower Research Capital LLC TRC now owns 1,651 shares of the company’s stock valued at $26,000 after purchasing an additional 747 shares in the last quarter. Barclays PLC boosted its position in PCB Bancorp by 471.5% during the fourth quarter. Barclays PLC now owns 3,092 shares of the company’s stock valued at $54,000 after purchasing an additional 2,551 shares in the last quarter. Citigroup Inc. acquired a new stake in PCB Bancorp in the second quarter worth about $48,000. Wells Fargo & Company MN boosted its holdings in PCB Bancorp by 105.2% in the second quarter. Wells Fargo & Company MN now owns 4,163 shares of the company’s stock worth $61,000 after acquiring an additional 2,134 shares in the last quarter. Finally, American International Group Inc. acquired a new stake in PCB Bancorp in the second quarter worth about $102,000. Institutional investors own 33.04% of the company’s stock.

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.