PCB Bancorp (NASDAQ:PCB) Issues Earnings Results

PCB Bancorp (NASDAQ:PCB) 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

Separately, Keefe, Bruyette & Woods upped their target price on shares of PCB Bancorp from $17.00 to $20.00 and gave the stock a “market perform” rating in a report on Monday, July 29th.

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.