PCB Bancorp (PCB) to Distribute Quarterly Dividend of $0.22 on August 14th

by · The Markets Daily

PCB Bancorp (NASDAQ:PCB – Get Free Report) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, August 7th will be given a dividend of 0.22 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 7th.

PCB Bancorp has increased 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% meaning its dividend is sufficiently covered by earnings. Analysts expect PCB Bancorp to earn $3.15 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 27.9%.

PCB Bancorp Stock Down 0.7%

Shares of PCB stock opened at $28.90 on Friday. The company has a market capitalization of $411.25 million, a price-to-earnings ratio of 10.40 and a beta of 0.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.07 and a quick ratio of 1.06. The company’s fifty day moving average price is $26.85 and its 200-day moving average price is $24.29. PCB Bancorp has a one year low of $19.70 and a one year high of $30.83.

PCB Bancorp (NASDAQ:PCB – Get Free Report) last released its earnings results on Thursday, July 23rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. PCB Bancorp had a return on equity of 12.70% and a net margin of 19.03%.The firm had revenue of $30.70 million during the quarter, compared to analysts’ expectations of $31.10 million. Sell-side analysts expect that PCB Bancorp will post 2.95 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PCB. Weiss Ratings raised PCB Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, May 11th. Zacks Research cut PCB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Piper Sandler upped their price objective on PCB Bancorp from $25.50 to $26.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

Read Our Latest Stock Analysis on PCB Bancorp

About PCB Bancorp

(Get Free Report)

PCB Bancorp is the bank holding company for Pacific City Bank, a California-chartered bank founded in 1999 and headquartered in Torrance, California. As the parent of an FDIC-insured institution, PCB Bancorp oversees a community-focused banking franchise that serves both retail customers and commercial enterprises. The company’s strategy emphasizes personalized service and deep market knowledge to meet the evolving needs of individuals, families and businesses in Southern California.

Through its subsidiary Pacific City Bank, PCB Bancorp offers a broad range of financial products and services, including deposit accounts, commercial real estate and construction lending, residential mortgages, trade finance, treasury management and wealth advisory solutions.

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