PCB Bancorp (NASDAQ:PCB) Announces Quarterly Dividend of $0.18

PCB Bancorp (NASDAQ:PCB) 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 annually for the last 5 consecutive years. PCB Bancorp has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.6 %

Shares of NASDAQ:PCB traded up $0.25 during trading on Friday, reaching $15.47. 25,690 shares of the company were exchanged, compared to its average volume of 20,820. The firm has a market capitalization of $220.60 million, a PE ratio of 8.84 and a beta of 0.63. The business’s fifty day simple moving average is $15.75 and its 200-day simple moving average is $16.34. PCB Bancorp has a 12-month low of $12.86 and a 12-month high of $19.03. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.07 and a quick ratio of 1.07.

PCB Bancorp (NASDAQ:PCB) last issued its earnings results on Thursday, January 25th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.07). The company had revenue of $24.43 million for the quarter, compared to analysts’ expectations of $24.95 million. PCB Bancorp had a return on equity of 9.14% and a net margin of 14.69%. On average, research analysts anticipate that PCB Bancorp will post 1.7 EPS for the current year.

Insider Transactions at PCB Bancorp

In other PCB Bancorp news, Director Sang Young Lee acquired 7,215 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were bought at an average cost of $15.91 per share, with a total value of $114,790.65. Following the completion of the acquisition, the director now directly owns 1,465,199 shares in the company, valued at approximately $23,311,316.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have purchased 15,509 shares of company stock valued at $247,400. 25.01% of the stock is currently owned by company insiders.

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.