PCB Bancorp (NASDAQ:PCB) Shareholders Set to Receive $0.22 Quarterly Dividend

Key Points

• PCB Bancorp declared a quarterly dividend of $0.22 per share, payable November 20 to shareholders of record on November 13. The dividend equates to $0.88 annually and a 3.0% yield.
• The dividend appears well covered, with a current payout ratio of 34.9% and an expected future payout ratio of 28.9%. PCB Bancorp has raised its dividend for seven consecutive years.
• Third-quarter earnings beat expectations, with EPS of $0.85 versus the $0.73 consensus and revenue of $32.39 million. Shares opened at $29.10, near their 52-week high of $30.83.

PCB Bancorp (NASDAQ:PCB - Get Free Report) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.22 per share on Friday, November 20th. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, November 13th.

PCB Bancorp has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 7 years. PCB Bancorp has a dividend payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PCB Bancorp to earn $3.04 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 28.9%.

PCB Bancorp Stock Up 0.4%

PCB stock opened at $29.10 on Friday. The firm has a market capitalization of $408.86 million, a price-to-earnings ratio of 10.07 and a beta of 0.52. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07. The company's 50 day moving average price is $27.89 and its 200 day moving average price is $25.60. PCB Bancorp has a fifty-two week low of $20.78 and a fifty-two week high of $30.83.

PCB Bancorp (NASDAQ:PCB - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.12. The business had revenue of $32.39 million during the quarter, compared to the consensus estimate of $31.93 million. PCB Bancorp had a net margin of 19.65% and a return on equity of 12.91%. On average, equities research analysts anticipate that PCB Bancorp will post 2.95 EPS for the current fiscal year.

About PCB Bancorp

PCB Bancorp is the bank holding company for PCB Bank, a community bank headquartered in Los Angeles, California. The company provides banking services to individuals, businesses and organizations, with a particular focus on Korean American and other underserved small-business communities.

PCB Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts. Its lending activities include commercial and industrial loans, commercial real estate loans, Small Business Administration loans, residential mortgage loans and consumer loans.

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