PCB Bancorp (PCB) To Go Ex-Dividend on February 14th

PCB Bancorp (NASDAQ:PCB) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.20 per share on Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from PCB Bancorp’s previous quarterly dividend of $0.18.

PCB Bancorp has raised its dividend payment by an average of 17.8% annually over the last three years. PCB Bancorp has a payout ratio of 30.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PCB Bancorp to earn $1.99 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 36.2%.

PCB Bancorp Stock Up 1.3 %

PCB opened at $19.29 on Friday. PCB Bancorp has a 12 month low of $14.50 and a 12 month high of $22.20. The company has a fifty day simple moving average of $20.22 and a 200 day simple moving average of $19.28. The stock has a market cap of $275.27 million, a P/E ratio of 11.41 and a beta of 0.71.

PCB Bancorp (NASDAQ:PCB) last released its earnings results on Thursday, January 30th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. PCB Bancorp had a return on equity of 8.68% and a net margin of 13.27%. On average, equities research analysts expect that PCB Bancorp will post 1.78 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Henry Kim bought 3,700 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average cost of $20.35 per share, for a total transaction of $75,295.00. Following the purchase, the chief executive officer now owns 24,713 shares of the company’s stock, valued at approximately $502,909.55. This trade represents a 17.61 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Don Rhee bought 7,300 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average price of $21.22 per share, with a total value of $154,906.00. Following the completion of the purchase, the director now directly owns 399,144 shares in the company, valued at $8,469,835.68. The trade was a 1.86 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 31,374 shares of company stock worth $660,622 in the last quarter. Corporate insiders own 25.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on PCB shares. Keefe, Bruyette & Woods increased their target price on PCB Bancorp from $20.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Piper Sandler raised their price objective on PCB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, October 28th.

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.