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

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

PCB Bancorp Stock Performance

NASDAQ:PCB opened at $18.41 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. PCB Bancorp has a fifty-two week low of $14.50 and a fifty-two week high of $20.22. The firm has a market cap of $262.66 million, a PE ratio of 10.52 and a beta of 0.67. The business has a 50 day moving average price of $18.49 and a 200-day moving average price of $16.88.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods raised their price objective on PCB Bancorp from $17.00 to $20.00 and gave the company a “market perform” rating in a research note on Monday, July 29th.

Insider Buying and Selling

In other PCB Bancorp news, Director Daniel Cho sold 25,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $18.47, for a total value of $461,750.00. Following the sale, the director now owns 98,000 shares of the company’s stock, valued at $1,810,060. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 25.01% of the stock is owned by 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.