PCB Bancorp - PCB Stock Forecast, Price & News

PCB Bancorp operates as the bank holding company for Pacific City 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 remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts. It also provides real estate loans, including commercial and residential, Small Business Administration (SBA) property, and construction loans; commercial and industrial loans, such as commercial term and lines of credit, SBA commercial term, and SBA Paycheck Protection Program loans; and other consumer loans comprising automobile secured loans and personal loans. In addition, the company offers access to account balances, online transfers, and online bill payment and electronic delivery of customer statements; and mobile banking solutions that include remote check deposit and mobile bill pay. Further, it provides automated teller machines; and banking by telephone, mail, personal appointment, debit cards, direct deposit, and cashier's checks, as well as treasury management, wire transfer, and automated clearing house services. The company operates through a network of 11 full-service branches in Los Angeles and Orange counties, California; and one full-service branch in each of Englewood Cliffs, New Jersey, and Bayside, New York. It also operates 10 loan production offices in Irvine, Artesia, and Los Angeles, California; Annandale, Virginia; Atlanta, Georgia; Chicago, Illinois; Bellevue, Washington; Aurora, Colorado; Carrollton, Texas; and New York, New York. The company was formerly known as Pacific City Financial Corporation and changed its name to PCB Bancorp in July 2019. PCB Bancorp was founded in 2003 and is headquartered in Los Angeles, California.

Analyst Ratings Changes

Separately, Piper Sandler cut their target price on PCB Bancorp to $21.50 in a research report on Monday, July 4th.

PCB Bancorp Price Performance

Shares of PCB Stock traded up $0.12 on Tuesday, hitting $20.02. 51,869 shares of the stock traded hands, compared to its average volume of 74,400. The company has a market capitalization of $299.48 million, a PE ratio of 7.37 and a beta of 0.76. PCB Bancorp has a 1-year low of $17.96 and a 1-year high of $26.04. The company's fifty day moving average is $19.12 and its 200 day moving average is $21.00.

PCB Bancorp (NASDAQ:PCB - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The firm had revenue of $25.00 million for the quarter, compared to analyst estimates of $25.80 million. PCB Bancorp had a net margin of 39.13% and a return on equity of 15.93%. As a group, equities research analysts expect that PCB Bancorp will post 2.67 EPS for the current year.

PCB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 3.00%. PCB Bancorp's payout ratio is currently 22.22%.

Insider Buying and Selling

In related news, Director Sang Young Lee acquired 6,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was purchased at an average cost of $19.68 per share, for a total transaction of $118,080.00. Following the purchase, the director now directly owns 1,253,606 shares in the company, valued at $24,670,966.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Justin Chon sold 3,520 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $20.00, for a total value of $70,400.00. Following the completion of the transaction, the insider now owns 3,580 shares of the company's stock, valued at $71,600. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sang Young Lee purchased 6,000 shares of the firm's stock in a transaction dated Wednesday, June 1st. The stock was acquired at an average cost of $19.68 per share, with a total value of $118,080.00. Following the purchase, the director now owns 1,253,606 shares of the company's stock, valued at approximately $24,670,966.08. The disclosure for this purchase can be found here. Insiders purchased a total of 16,091 shares of company stock worth $320,332 in the last three months. 24.05% of the stock is owned by insiders.