PCB Bancorp (PCB) to Issue Quarterly Dividend of $0.22 on February 20th

PCB Bancorp (NASDAQ:PCB) announced a quarterly dividend on Wednesday, January 28th. Investors of record on Friday, February 13th will be given a dividend of 0.22 per share on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, February 13th. This is a 10.0% increase from PCB Bancorp’s previous quarterly dividend of $0.20.

PCB Bancorp has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 7 consecutive years. PCB Bancorp has a payout ratio of 31.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect PCB Bancorp to earn $2.31 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 34.6%.

PCB Bancorp Price Performance

NASDAQ:PCB traded up $0.63 during trading hours on Friday, reaching $22.65. The company had a trading volume of 11,148 shares, compared to its average volume of 18,220. The firm has a market cap of $322.93 million, a PE ratio of 9.45 and a beta of 0.54. The business’s 50 day moving average price is $22.20 and its 200-day moving average price is $21.60. PCB Bancorp has a 1-year low of $16.00 and a 1-year high of $24.04.

PCB Bancorp (NASDAQ:PCB) last released its earnings results on Thursday, January 29th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. PCB Bancorp had a return on equity of 11.56% and a net margin of 17.08%.The company had revenue of $29.17 million during the quarter, compared to the consensus estimate of $29.33 million. On average, analysts expect that PCB Bancorp will post 2.04 earnings per share for the current fiscal year.

About PCB Bancorp

PCB Bancorp is the bank holding company for Pacific City Bank, a California-chartered bank founded in 1999 and headquartered in Torrance, California. As the parent of an FDIC-insured institution, PCB Bancorp oversees a community-focused banking franchise that serves both retail customers and commercial enterprises. The company’s strategy emphasizes personalized service and deep market knowledge to meet the evolving needs of individuals, families and businesses in Southern California.

Through its subsidiary Pacific City Bank, PCB Bancorp offers a broad range of financial products and services, including deposit accounts, commercial real estate and construction lending, residential mortgages, trade finance, treasury management and wealth advisory solutions.