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

PCB Bancorp (NASDAQ:PCB) released its earnings results on Thursday. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.12, Zacks reports. PCB Bancorp had a return on equity of 13.05% and a net margin of 19.92%. The business had revenue of $32.39 million for the quarter, compared to analyst estimates of $31.93 million.

PCB Bancorp Stock Up 0.5%

PCB stock opened at $29.25 on Friday. PCB Bancorp has a 1-year low of $20.78 and a 1-year high of $30.83. The business’s 50 day simple moving average is $27.92 and its 200 day simple moving average is $25.64. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $410.96 million, a PE ratio of 9.88 and a beta of 0.52.

PCB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 13th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. PCB Bancorp’s payout ratio is presently 29.73%.

Analysts Set New Price Targets

Several research firms have weighed in on PCB. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of PCB Bancorp in a research report on Friday, August 7th. Keefe, Bruyette & Woods increased their price objective on PCB Bancorp from $29.00 to $29.50 and gave the company a “market perform” rating in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.75.

PCB Bancorp Company Profile

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.