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Equities research analysts forecast that PCB Bancorp (NASDAQ:PCB) will post $25.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for PCB Bancorp’s earnings. PCB Bancorp posted sales of $21.93 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, January 27th.
On average, analysts expect that PCB Bancorp will report full-year sales of $96.00 million for the current year. For the next year, analysts expect that the company will post sales of $99.40 million, with estimates ranging from $97.10 million to $101.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow PCB Bancorp.
PCB Bancorp (NASDAQ:PCB) last released its earnings results on Wednesday, October 27th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.14. PCB Bancorp had a return on equity of 14.66% and a net margin of 35.89%. The company had revenue of $25.82 million during the quarter, compared to the consensus estimate of $24.70 million.
A number of research analysts have recently weighed in on PCB shares. Zacks Investment Research upgraded PCB Bancorp from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, November 3rd. Raymond James raised their price target on PCB Bancorp from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, November 1st.
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PCB Bancorp stock opened at $21.96 on Monday. PCB Bancorp has a one year low of $10.00 and a one year high of $23.50. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $22.08. The firm has a market capitalization of $325.93 million, a P/E ratio of 9.55 and a beta of 0.86.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 19th. Shareholders of record on Friday, November 12th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, November 10th. PCB Bancorp’s payout ratio is 20.87%.
In other PCB Bancorp news, Director Sang Young Lee purchased 10,300 shares of the firm’s stock in a transaction on Friday, November 26th. The shares were purchased at an average cost of $22.09 per share, with a total value of $227,527.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders acquired 24,819 shares of company stock worth $552,330. 22.54% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in PCB Bancorp by 7,850.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 199,804 shares of the company’s stock worth $3,214,000 after acquiring an additional 197,291 shares in the last quarter. American Century Companies Inc. lifted its position in PCB Bancorp by 38.4% during the 2nd quarter. American Century Companies Inc. now owns 27,030 shares of the company’s stock worth $435,000 after acquiring an additional 7,506 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in PCB Bancorp during the 2nd quarter worth approximately $848,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in PCB Bancorp during the 2nd quarter worth approximately $216,000. Finally, Ergoteles LLC acquired a new position in PCB Bancorp during the 2nd quarter worth approximately $871,000. 33.36% of the stock is currently owned by institutional investors and hedge funds.
PCB Bancorp Company Profile
PCB Bancorp operates as the bank holding company for Pacific City Bank that provides various banking products and services to individuals, and small and middle market businesses in Southern California. The firm offers demand, savings, money market, and time deposits, as well as certificates of deposit; and remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.
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