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Brokerages expect PCB Bancorp (NASDAQ:PCB – Get 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:PCB – Get 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 StockNews.com research report on PCB Bancorp (PCB)
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Get a free copy of the Zacks research report on PCB Bancorp (PCB)
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