PCB Bancorp (PCB) Set to Announce Quarterly Earnings on Friday

PCB Bancorp (NASDAQ:PCB) will be issuing its quarterly earnings data on Friday, April 19th.

PCB Bancorp (NASDAQ:PCB) last posted its quarterly earnings data on Thursday, January 25th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.07). PCB Bancorp had a return on equity of 11.25% and a net margin of 18.97%. The firm had revenue of $24.43 million for the quarter, compared to analysts’ expectations of $24.95 million. On average, analysts expect PCB Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PCB Bancorp Price Performance

NASDAQ:PCB opened at $15.22 on Thursday. 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 stock has a 50 day moving average of $15.84 and a two-hundred day moving average of $16.33. The firm has a market cap of $217.10 million, a P/E ratio of 7.18 and a beta of 0.63. PCB Bancorp has a 12 month low of $12.86 and a 12 month high of $19.03.

PCB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.73%. PCB Bancorp’s dividend payout ratio (DPR) is presently 33.96%.

Insider Activity at PCB Bancorp

In other news, Director Sang Young Lee purchased 4,202 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were bought at an average cost of $15.95 per share, for a total transaction of $67,021.90. Following the completion of the purchase, the director now directly owns 1,451,269 shares of the company’s stock, valued at $23,147,740.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have acquired 15,509 shares of company stock worth $247,400. Insiders own 25.73% of the company’s stock.

Hedge Funds Weigh In On PCB Bancorp

Several large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in shares of PCB Bancorp by 82.6% during the third quarter. Tower Research Capital LLC TRC now owns 1,651 shares of the company’s stock worth $26,000 after purchasing an additional 747 shares during the last quarter. Citigroup Inc. purchased a new stake in PCB Bancorp in the 2nd quarter valued at approximately $48,000. Barclays PLC boosted its holdings in PCB Bancorp by 471.5% in the 4th quarter. Barclays PLC now owns 3,092 shares of the company’s stock valued at $54,000 after purchasing an additional 2,551 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of PCB Bancorp by 105.2% during the 2nd quarter. Wells Fargo & Company MN now owns 4,163 shares of the company’s stock worth $61,000 after acquiring an additional 2,134 shares in the last quarter. Finally, American International Group Inc. purchased a new stake in shares of PCB Bancorp during the 2nd quarter worth approximately $102,000. Hedge funds and other institutional investors own 33.04% of the company’s stock.

PCB Bancorp Company Profile

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.