PCB Bancorp (PCB) to Release Quarterly Earnings on Friday

PCB Bancorp (NASDAQ:PCB) will be announcing its earnings results on Friday, April 19th.

PCB Bancorp (NASDAQ:PCB) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.07). The company had revenue of $24.43 million for the quarter, compared to analysts’ expectations of $24.95 million. PCB Bancorp had a return on equity of 11.25% and a net margin of 18.97%. 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 Stock Performance

NASDAQ:PCB opened at $15.22 on Thursday. The firm’s 50 day moving average is $15.84 and its two-hundred day moving average is $16.33. PCB Bancorp has a fifty-two week low of $12.86 and a fifty-two week high of $19.03. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14. The company has a market cap of $217.10 million, a P/E ratio of 7.18 and a beta of 0.63.

PCB Bancorp Announces Dividend

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

Insider Buying and Selling

In other news, Director Sang Young Lee purchased 4,202 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average price of $15.95 per share, with a total value of $67,021.90. Following the purchase, the director now directly owns 1,451,269 shares of the company’s stock, valued at approximately $23,147,740.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 15,509 shares of company stock valued at $247,400 in the last quarter. Company insiders own 25.73% of the company’s stock.

Institutional Trading of PCB Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in PCB. First Trust Advisors LP bought a new stake in shares of PCB Bancorp in the 4th quarter worth approximately $214,000. Royal Bank of Canada raised its stake in shares of PCB Bancorp by 14.5% in the 4th quarter. Royal Bank of Canada now owns 10,689 shares of the company’s stock valued at $197,000 after buying an additional 1,350 shares in the last quarter. Bank of America Corp DE raised its stake in shares of PCB Bancorp by 104.3% in the 4th quarter. Bank of America Corp DE now owns 10,978 shares of the company’s stock valued at $194,000 after buying an additional 5,604 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of PCB Bancorp in the 1st quarter worth about $185,000. Finally, BNP Paribas Arbitrage SNC bought a new stake in shares of PCB Bancorp in the 3rd quarter worth about $123,000. 33.04% of the stock is currently owned by institutional investors.

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.