PCB Bancorp (NASDAQ:PCB) Plans $0.18 Quarterly Dividend

PCB Bancorp (NASDAQ:PCB - Get Free Report) 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 annualized dividend 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% per year 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% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of PCB traded up $0.25 during midday trading on Friday, hitting $15.47. 25,690 shares of the stock traded hands, compared to its average volume of 20,820. PCB Bancorp has a 1-year low of $12.86 and a 1-year high of $19.03. The firm has a market capitalization of $220.60 million, a PE ratio of 8.84 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The business's 50 day moving average price is $15.75 and its two-hundred day moving average price is $16.34.

PCB Bancorp (NASDAQ:PCB - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.07). PCB Bancorp had a net margin of 14.69% and a return on equity of 9.14%. The firm had revenue of $24.43 million for the quarter, compared to analyst estimates of $24.95 million. Equities research analysts predict that PCB Bancorp will post 1.7 EPS for the current fiscal year.

Insider Activity

In related news, Director Sang Young Lee acquired 2,000 shares of PCB Bancorp stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of $16.11 per share, with a total value of $32,220.00. Following the completion of the acquisition, the director now directly owns 1,445,971 shares of the company's stock, valued at approximately $23,294,592.81. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders bought 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.