PCB Bancorp (NASDAQ:PCB) Declares Quarterly Dividend of $0.22

PCB Bancorp (NASDAQ:PCB) declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 7th will be paid 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 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 increased its dividend every year for the last 7 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 Price Performance

Shares of NASDAQ PCB opened at $28.90 on Friday. The business has a fifty day moving average price of $26.85 and a two-hundred day moving average price of $24.29. The stock has a market capitalization of $411.25 million, a PE 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. PCB Bancorp has a fifty-two week low of $19.70 and a fifty-two week high of $30.83.

PCB Bancorp (NASDAQ:PCB) 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 company had revenue of $30.70 million for the quarter, compared to analyst estimates of $31.10 million. As a group, equities analysts predict that PCB Bancorp will post 2.95 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PCB Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in PCB. CANADA LIFE ASSURANCE Co increased its position in PCB Bancorp by 45.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,447 shares of the company’s stock worth $31,000 after purchasing an additional 453 shares in the last quarter. Russell Investments Group Ltd. boosted its position in PCB Bancorp by 3,769.6% in the second quarter. Russell Investments Group Ltd. now owns 1,780 shares of the company’s stock valued at $37,000 after buying an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of PCB Bancorp by 88.2% during the second quarter. Tower Research Capital LLC TRC now owns 1,916 shares of the company’s stock worth $40,000 after buying an additional 898 shares during the last quarter. BNP Paribas Financial Markets grew its position in PCB Bancorp by 273.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,939 shares of the company’s stock worth $83,000 after acquiring an additional 2,884 shares during the last quarter. Finally, Strs Ohio bought a new position in PCB Bancorp in the first quarter valued at about $94,000. 33.04% of the stock is owned by institutional investors.

PCB Bancorp Company Profile

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.