PCB Bancorp (NASDAQ:PCB – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.18 per share on Friday, May 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, May 9th.
PCB Bancorp has increased its dividend by an average of 19.9% annually over the last three years and has increased its dividend every year for the last 5 years. PCB Bancorp has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect PCB Bancorp to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 41.6%.
PCB Bancorp Price Performance
NASDAQ:PCB traded up $0.25 during mid-day trading on Friday, hitting $15.47. The company’s stock had a trading volume of 25,690 shares, compared to its average volume of 20,820. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $15.75 and a 200-day moving average of $16.34. The company has a market capitalization of $220.60 million, a price-to-earnings ratio of 8.84 and a beta of 0.63. PCB Bancorp has a fifty-two week low of $12.86 and a fifty-two week high of $19.03.
Insider Activity at PCB Bancorp
In other news, Director Sang Young Lee acquired 4,202 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average cost of $15.95 per share, with a total value of $67,021.90. Following the acquisition, the director now owns 1,451,269 shares of the company’s stock, valued at approximately $23,147,740.55. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 15,509 shares of company stock valued at $247,400 over the last quarter. Corporate insiders own 25.01% of the company’s stock.
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.
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