PCB Bancorp (PCB) To Go Ex-Dividend on August 7th

PCB Bancorp (NASDAQ:PCB) declared a quarterly dividend on Wednesday, July 22nd. Stockholders 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 dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, August 7th.

PCB Bancorp has raised its dividend by an average of 0.1%per year over the last three years and has raised 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. Research analysts expect PCB Bancorp to earn $3.03 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 29.0%.

PCB Bancorp Stock Performance

PCB Bancorp stock opened at $28.13 on Wednesday. PCB Bancorp has a 1-year low of $19.70 and a 1-year high of $30.83. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $400.29 million, a PE ratio of 9.73 and a beta of 0.49. The firm’s 50 day simple moving average is $27.45 and its 200 day simple moving average is $24.63.

PCB Bancorp (NASDAQ:PCB) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. PCB Bancorp had a net margin of 19.65% and a return on equity of 13.01%. The firm had revenue of $30.70 million for the quarter, compared to analysts’ expectations of $31.10 million. As a group, analysts expect that PCB Bancorp will post 2.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PCB has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price target on shares of PCB Bancorp from $29.00 to $29.50 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Weiss Ratings raised PCB Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research note on Monday, May 11th. Finally, Piper Sandler increased their price target on shares of PCB Bancorp from $25.50 to $26.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, PCB Bancorp has an average rating of “Moderate Buy” and a consensus target price of $27.75.

About PCB Bancorp

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.