PCB Bancorp (NASDAQ:PCB – Get Free Report) declared a quarterly dividend on Wednesday, July 24th, Zacks reports. Stockholders of record on Friday, August 9th will be paid a dividend of 0.18 per share on Friday, August 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, August 9th.
PCB Bancorp has increased its dividend payment by an average of 19.9% per year over the last three years. PCB Bancorp has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PCB Bancorp to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 38.9%.
PCB Bancorp Stock Performance
Shares of PCB stock traded up $0.26 during trading hours on Wednesday, hitting $17.29. The company’s stock had a trading volume of 24,832 shares, compared to its average volume of 21,344. The stock has a market cap of $246.68 million, a PE ratio of 9.88 and a beta of 0.67. The company has a 50 day moving average of $16.24 and a 200 day moving average of $16.00. PCB Bancorp has a 12-month low of $14.50 and a 12-month high of $20.22. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.18.
Analyst Upgrades and Downgrades
Get Our Latest Research Report on PCB
Insider Activity
In related news, Director Sang Young Lee acquired 2,702 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were acquired at an average price of $15.21 per share, with a total value of $41,097.42. Following the completion of the transaction, the director now owns 1,488,407 shares of the company’s stock, valued at $22,638,670.47. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders acquired 16,749 shares of company stock valued at $251,383. 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.
See Also
- Five stocks we like better than PCB Bancorp
- Which Wall Street Analysts are the Most Accurate?
- Airbnb Stock: Key Drivers Indicate Bright Future Despite Sell-Off
- Financial Services Stocks Investing
- Amgen’s MariTide Weight Loss Potential: Stock Outlook
- What is Short Interest? How to Use It
- Lumen’s Q2: Can AI Revenue Outshine a Mountain of Debt?
Receive News & Ratings for PCB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PCB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.