PCB Bancorp (PCB) to Issue Quarterly Dividend of $0.22 on November 20th

PCB Bancorp (NASDAQ:PCB) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.22 per share on Friday, November 20th. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, November 13th.

PCB Bancorp has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. PCB Bancorp has a dividend payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PCB Bancorp to earn $3.04 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 28.9%.

PCB Bancorp Trading Up 0.5%

Shares of PCB Bancorp stock opened at $29.25 on Friday. The company has a fifty day simple moving average of $27.92 and a 200-day simple moving average of $25.64. PCB Bancorp has a 12-month low of $20.78 and a 12-month high of $30.83. 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 stock has a market cap of $410.96 million, a price-to-earnings ratio of 9.88 and a beta of 0.52.

PCB Bancorp (NASDAQ:PCB) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.73 by $0.12. PCB Bancorp had a net margin of 19.92% and a return on equity of 13.05%. The firm had revenue of $32.39 million for the quarter, compared to analyst estimates of $31.93 million. On average, equities analysts forecast that PCB Bancorp will post 2.95 EPS for the current fiscal year.

About PCB Bancorp

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.