Brokerages Expect PCB Bancorp (NASDAQ:PCB) to Announce $0.60 Earnings Per Share

Brokerages expect PCB Bancorp (NASDAQ:PCBGet Rating) to report $0.60 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for PCB Bancorp’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.59. PCB Bancorp reported earnings of $0.55 per share during the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that PCB Bancorp will report full-year earnings of $2.48 per share for the current fiscal year, with EPS estimates ranging from $2.40 to $2.55. For the next fiscal year, analysts forecast that the business will report earnings of $2.61 per share, with EPS estimates ranging from $2.55 to $2.66. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for PCB Bancorp.

PCB Bancorp (NASDAQ:PCBGet Rating) last released its earnings results on Thursday, January 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. PCB Bancorp had a return on equity of 16.32% and a net margin of 40.14%. The business had revenue of $24.93 million for the quarter.

A number of equities research analysts recently weighed in on PCB shares. Raymond James downgraded PCB Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 6th. Zacks Investment Research upgraded shares of PCB Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Friday, April 8th.

PCB stock opened at $21.10 on Wednesday. PCB Bancorp has a twelve month low of $13.97 and a twelve month high of $26.04. The company has a market cap of $315.23 million, a PE ratio of 8.05 and a beta of 0.77. The business’s 50-day simple moving average is $22.84 and its 200 day simple moving average is $22.32. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 18th. Shareholders of record on Friday, February 11th were paid a dividend of $0.15 per share. This is a boost from PCB Bancorp’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, February 10th. This represents a $0.60 dividend on an annualized basis and a yield of 2.84%. PCB Bancorp’s dividend payout ratio (DPR) is currently 22.90%.

In other news, Director Sang Young Lee bought 2,531 shares of the business’s stock in a transaction dated Tuesday, February 1st. The stock was bought at an average price of $22.38 per share, for a total transaction of $56,643.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel Cho sold 7,597 shares of PCB Bancorp stock in a transaction that occurred on Thursday, February 3rd. The shares were sold at an average price of $23.82, for a total transaction of $180,960.54. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 31,170 shares of company stock valued at $726,255. Corporate insiders own 22.54% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in shares of PCB Bancorp by 96.1% in the 2nd quarter. Royal Bank of Canada now owns 2,716 shares of the company’s stock valued at $43,000 after buying an additional 1,331 shares during the period. Citadel Advisors LLC acquired a new position in shares of PCB Bancorp in the 2nd quarter valued at $251,000. BHZ Capital Management LP lifted its position in PCB Bancorp by 1.8% in the 3rd quarter. BHZ Capital Management LP now owns 186,354 shares of the company’s stock valued at $3,710,000 after acquiring an additional 3,255 shares in the last quarter. Russell Investments Group Ltd. lifted its position in PCB Bancorp by 62.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 325,083 shares of the company’s stock valued at $6,470,000 after acquiring an additional 125,279 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in PCB Bancorp by 16.6% in the 3rd quarter. American Century Companies Inc. now owns 31,512 shares of the company’s stock valued at $627,000 after acquiring an additional 4,482 shares in the last quarter. 38.17% of the stock is owned by hedge funds and other institutional investors.

PCB Bancorp Company Profile (Get Rating)

PCB Bancorp operates as the bank holding company for Pacific City 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 remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.

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Earnings History and Estimates for PCB Bancorp (NASDAQ:PCB)

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