PCB Bancorp (PCB) To Go Ex-Dividend on May 8th

PCB Bancorp (NASDAQ:PCB) announced a quarterly dividend on Wednesday, April 22nd. Shareholders of record on Friday, May 8th will be paid a dividend of 0.22 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, May 8th.

PCB Bancorp has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 7 consecutive years. PCB Bancorp has a payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Research 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

PCB stock opened at $24.58 on Wednesday. The business’s 50-day moving average is $22.96 and its two-hundred day moving average is $22.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $349.77 million, a P/E ratio of 8.84 and a beta of 0.53. PCB Bancorp has a 1 year low of $18.78 and a 1 year high of $24.99.

PCB Bancorp (NASDAQ:PCB) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. PCB Bancorp had a return on equity of 12.84% and a net margin of 19.03%.The business had revenue of $30.18 million during the quarter, compared to the consensus estimate of $31.10 million. Analysts anticipate that PCB Bancorp will post 2.95 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on PCB shares. Piper Sandler boosted their price target on shares of PCB Bancorp from $25.50 to $26.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Wall Street Zen lowered shares of PCB Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Zacks Research downgraded shares of PCB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of PCB Bancorp in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.50.

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.