PCB Bancorp (NASDAQ:PCB) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

PCB Bancorp (NASDAQ:PCB) issued its quarterly earnings data on Thursday. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.45 by $0.07, Zacks reports. The business had revenue of $48.62 million for the quarter, compared to the consensus estimate of $25.50 million. PCB Bancorp had a return on equity of 8.55% and a net margin of 13.37%.

PCB Bancorp Stock Up 3.7 %

PCB stock traded up $0.66 during midday trading on Friday, hitting $18.74. The company’s stock had a trading volume of 11,770 shares, compared to its average volume of 21,585. The company’s fifty day moving average price is $18.49 and its 200 day moving average price is $16.87. PCB Bancorp has a twelve month low of $14.50 and a twelve month high of $20.22. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $267.05 million, a P/E ratio of 11.20 and a beta of 0.67.

Insider Activity

In related news, Director Daniel Cho sold 25,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $18.47, for a total transaction of $461,750.00. Following the completion of the transaction, the director now directly 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 is accessible through this hyperlink. 25.01% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price target on shares of PCB Bancorp from $17.00 to $20.00 and gave the company 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.