Brokerages Anticipate PCB Bancorp (NASDAQ:PCB) Will Announce Earnings of $0.63 Per Share – MarketBeat

0
161

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Brokerages expect PCB Bancorp (NASDAQ:PCBGet Rating) to post earnings per share of $0.63 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for PCB Bancorp’s earnings. PCB Bancorp posted earnings per share of $0.64 during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.6%. The business is scheduled to report its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that PCB Bancorp will report full-year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.58. For the next year, analysts anticipate that the company will report earnings of $2.64 per share, with EPS estimates ranging from $2.60 to $2.67. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover PCB Bancorp.
PCB Bancorp (NASDAQ:PCBGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.08. PCB Bancorp had a net margin of 40.19% and a return on equity of 16.88%.
Several equities research analysts have issued reports on PCB shares. Zacks Investment Research raised shares of PCB Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Friday, April 8th. Raymond James lowered shares of PCB Bancorp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 6th.
In related news, Director Janice Chung acquired 8,700 shares of the business’s stock in a transaction on Tuesday, March 1st. The shares were bought at an average price of $22.70 per share, with a total value of $197,490.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sang Young Lee bought 17,000 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The stock was acquired at an average cost of $23.81 per share, for a total transaction of $404,770.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 28,639 shares of company stock valued at $669,611. 24.05% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in PCB. Royal Bank of Canada boosted its holdings in PCB Bancorp by 96.1% in the 2nd quarter. Royal Bank of Canada now owns 2,716 shares of the company’s stock worth $43,000 after acquiring an additional 1,331 shares during the period. Lazard Asset Management LLC increased its holdings in shares of PCB Bancorp by 108.1% during the fourth quarter. Lazard Asset Management LLC now owns 2,913 shares of the company’s stock valued at $63,000 after purchasing an additional 1,513 shares during the period. Hillsdale Investment Management Inc. increased its holdings in shares of PCB Bancorp by 33.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 3,600 shares of the company’s stock valued at $79,000 after purchasing an additional 900 shares during the period. Citigroup Inc. bought a new position in PCB Bancorp during the fourth quarter valued at about $125,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in PCB Bancorp during the fourth quarter valued at about $214,000. 37.85% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ PCB opened at $21.62 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $323.11 million, a P/E ratio of 7.89 and a beta of 0.77. The company has a fifty day moving average of $22.18. PCB Bancorp has a 52-week low of $15.04 and a 52-week high of $26.04.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Friday, May 13th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.78%. The ex-dividend date is Thursday, May 12th. PCB Bancorp’s payout ratio is currently 21.90%.
About PCB Bancorp (Get Rating)
PCB Bancorp operates as the bank holding company for Pacific City 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 remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.
Further Reading

Get a free copy of the Zacks research report on PCB Bancorp (PCB)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Earnings History and Estimates for PCB Bancorp (NASDAQ:PCB)
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider PCB Bancorp, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PCB Bancorp wasn’t on the list.
While PCB Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
 
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Each market day you’ll get a one-minute market summary to help you invest wisely.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.

source