PCB Bancorp (NASDAQ:PCB) Announces Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Key Points

• PCB Bancorp reported quarterly EPS of $0.85, beating analyst estimates of $0.73 by $0.12. The company posted a 19.65% net margin and 12.91% return on equity.
• Shares rose 0.4% to $29.10, near the stock’s 12-month high of $30.83. PCB Bancorp has a market capitalization of approximately $408.9 million and a P/E ratio of 10.07.
• Analyst sentiment remains positive but measured, with an overall “Moderate Buy” rating and an average price target of $27.75; Keefe, Bruyette & Woods raised its target to $29.50 while maintaining a “Market Perform” rating.

PCB Bancorp (NASDAQ:PCB - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.12, Zacks reports. PCB Bancorp had a net margin of 19.65% and a return on equity of 12.91%.

PCB Bancorp Stock Up 0.4%

PCB stock traded up $0.13 during trading on Thursday, reaching $29.10. 44,848 shares of the stock were exchanged, compared to its average volume of 50,017. The firm's 50 day moving average is $27.89 and its 200 day moving average is $25.60. The firm has a market cap of $408.86 million, a P/E ratio of 10.07 and a beta of 0.52. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. PCB Bancorp has a twelve month low of $20.78 and a twelve month high of $30.83.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on PCB Bancorp from $29.00 to $29.50 and gave the stock a "market perform" rating in a research report on Monday, July 27th. Weiss Ratings reiterated a "buy (a-)" rating on shares of PCB Bancorp in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, PCB Bancorp presently has an average rating of "Moderate Buy" and an average target price of $27.75.

PCB Bancorp Company Profile

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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