PCB Bancorp (PCB) to Issue Quarterly Dividend of $0.20 on November 14th

PCB Bancorp (NASDAQ:PCB) announced a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Friday, November 7th will be paid a dividend of 0.20 per share on Friday, November 14th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, November 7th.

PCB Bancorp has increased its dividend payment by an average of 0.2%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 31.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect PCB Bancorp to earn $2.31 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 34.6%.

PCB Bancorp Trading Down 0.4%

NASDAQ:PCB opened at $21.76 on Wednesday. The firm has a fifty day simple moving average of $21.14 and a two-hundred day simple moving average of $20.78. PCB Bancorp has a 12 month low of $16.00 and a 12 month high of $22.45. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $312.20 million, a price-to-earnings ratio of 9.09 and a beta of 0.58.

PCB Bancorp (NASDAQ:PCB) last announced its quarterly earnings results on Wednesday, May 24th. The company reported $0.85 earnings per share (EPS) for the quarter. The business had revenue of $24.15 million during the quarter. PCB Bancorp had a return on equity of 11.70% and a net margin of 17.08%. Analysts expect that PCB Bancorp will post 2.04 EPS for the current fiscal year.

Institutional Trading of PCB Bancorp

Institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC purchased a new stake in shares of PCB Bancorp during the second quarter valued at $1,977,000. Goldman Sachs Group Inc. raised its stake in PCB Bancorp by 83.6% in the first quarter. Goldman Sachs Group Inc. now owns 194,598 shares of the company’s stock valued at $3,641,000 after buying an additional 88,589 shares during the last quarter. EJF Capital LLC acquired a new stake in PCB Bancorp during the 2nd quarter worth about $839,000. Marshall Wace LLP acquired a new position in PCB Bancorp during the second quarter valued at $837,000. Finally, American Century Companies Inc. boosted its position in PCB Bancorp by 30.7% in the 2nd quarter. American Century Companies Inc. now owns 124,063 shares of the company’s stock worth $2,603,000 after purchasing an additional 29,140 shares in the last quarter. 33.04% of the stock is currently owned by institutional investors.

PCB Bancorp Company Profile

PCB Bancorp operates as the bank holding company for PCB 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 trade finance, remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts.