PCB Bancorp (NASDAQ:PCB – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07, Zacks reports. PCB Bancorp had a net margin of 13.37% and a return on equity of 8.55%. The company had revenue of $48.62 million during the quarter, compared to analysts’ expectations of $25.50 million.
PCB Bancorp Price Performance
Shares of PCB Bancorp stock traded up $0.66 during trading hours on Friday, reaching $18.74. 16,486 shares of the company’s stock were exchanged, compared to its average volume of 21,608. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $20.22. The company has a market capitalization of $267.36 million, a P/E ratio of 10.71 and a beta of 0.67. The business has a fifty day moving average of $18.49 and a two-hundred day moving average of $16.87. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.
Insider Activity at PCB Bancorp
In related news, Director Daniel Cho sold 25,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $18.47, for a total value of $461,750.00. Following the completion of the sale, the director now owns 98,000 shares of the company’s stock, valued at approximately $1,810,060. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 25.01% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Analysis on PCB
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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