PCB Bancorp (NASDAQ:PCB) Announces Earnings Results

PCB Bancorp (NASDAQ:PCB) issued its quarterly earnings results on Thursday. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.12, Zacks reports. PCB Bancorp had a net margin of 19.65% and a return on equity of 12.91%.

PCB Bancorp Trading Up 0.4%

PCB stock traded up $0.13 during mid-day trading on Thursday, reaching $29.10. 44,848 shares of the stock traded hands, compared to its average volume of 50,017. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. PCB Bancorp has a 52-week low of $20.78 and a 52-week high of $30.83. The company has a market cap of $408.86 million, a P/E ratio of 10.07 and a beta of 0.52. The stock’s fifty day moving average is $27.89 and its 200-day moving average is $25.60.

Wall Street Analyst Weigh In

Several analysts recently commented on PCB shares. Keefe, Bruyette & Woods increased their target price on shares of PCB Bancorp from $29.00 to $29.50 and gave the company a “market perform” rating in a research note on Monday, July 27th. Weiss Ratings restated a “buy (a-)” rating on shares of PCB Bancorp in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, PCB Bancorp presently has an average rating of “Moderate Buy” and a consensus target price of $27.75.

PCB Bancorp Company Profile

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.