PCB Bancorp (NASDAQ:PCB) Announces Quarterly Dividend of $0.18

PCB Bancorp (NASDAQ:PCB) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Friday, May 10th will be given a dividend of 0.18 per share on Friday, May 17th. This represents a $0.72 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Thursday, May 9th.

PCB Bancorp has raised its dividend by an average of 19.9% per year over the last three years and has increased its dividend every year for the last 5 years. PCB Bancorp has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect PCB Bancorp to earn $1.73 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 41.6%.

PCB Bancorp Stock Up 1.6 %

NASDAQ PCB traded up $0.25 during trading on Friday, hitting $15.47. 25,690 shares of the company traded hands, compared to its average volume of 20,820. PCB Bancorp has a 12 month low of $12.86 and a 12 month high of $19.03. The business has a fifty day simple moving average of $15.75 and a 200 day simple moving average of $16.34. 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 company has a market capitalization of $220.60 million, a P/E ratio of 8.84 and a beta of 0.63.

PCB Bancorp (NASDAQ:PCB) last posted its earnings results on Thursday, January 25th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.07). PCB Bancorp had a net margin of 14.69% and a return on equity of 9.14%. The company had revenue of $24.43 million for the quarter, compared to the consensus estimate of $24.95 million. As a group, sell-side analysts predict that PCB Bancorp will post 1.7 EPS for the current year.

Insider Buying and Selling at PCB Bancorp

In other PCB Bancorp news, Director Sang Young Lee acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average cost of $16.11 per share, for a total transaction of $32,220.00. Following the completion of the purchase, the director now owns 1,445,971 shares of the company’s stock, valued at approximately $23,294,592.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 15,509 shares of company stock worth $247,400 over the last three months. Corporate insiders own 25.01% of the company’s stock.

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.