PCB Bancorp (NASDAQ:PCB) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

PCB Bancorp (NASDAQ:PCB) announced its earnings results on Thursday. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.12, Zacks reports. The business had revenue of $32.39 million for the quarter, compared to analyst estimates of $31.93 million. PCB Bancorp had a net margin of 19.65% and a return on equity of 12.91%.

PCB Bancorp Stock Up 0.4%

Shares of PCB Bancorp stock opened at $29.10 on Friday. The company has a market cap of $408.86 million, a P/E ratio of 10.07 and a beta of 0.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07. PCB Bancorp has a one year low of $20.78 and a one year high of $30.83. The firm has a fifty day moving average of $27.89 and a two-hundred day moving average of $25.60.

PCB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 13th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, November 13th. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. PCB Bancorp’s dividend payout ratio is presently 30.45%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of PCB Bancorp from $29.00 to $29.50 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Weiss Ratings restated a “buy (a-)” rating on shares of PCB Bancorp in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, PCB Bancorp currently has an average rating of “Moderate Buy” and an average target price of $27.75.

About PCB Bancorp

PCB Bancorp is the bank holding company for PCB Bank, a community bank headquartered in Los Angeles, California. The company provides banking services to individuals, businesses and organizations, with a particular focus on Korean American and other underserved small-business communities.

PCB Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts. Its lending activities include commercial and industrial loans, commercial real estate loans, Small Business Administration loans, residential mortgage loans and consumer loans.