PCB Bancorp (PCB) to Issue Quarterly Dividend of $0.20 on November 14th

PCB Bancorp (NASDAQ:PCB) announced a quarterly dividend on Thursday, October 23rd. Shareholders of record on Friday, November 7th will be paid a dividend of 0.20 per share on Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, November 7th.

PCB Bancorp has a payout ratio of 31.7% meaning its dividend is sufficiently covered by earnings. Analysts expect PCB Bancorp to earn $2.31 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 34.6%.

PCB Bancorp Stock Performance

Shares of PCB opened at $21.48 on Friday. The firm has a market cap of $308.24 million, a PE ratio of 8.99 and a beta of 0.58. The stock’s fifty day moving average price is $21.21 and its two-hundred day moving average price is $20.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.06 and a quick ratio of 1.06. PCB Bancorp has a 1 year low of $16.00 and a 1 year high of $22.45.

PCB Bancorp (NASDAQ:PCB) last issued its earnings results on Wednesday, May 24th. The company reported $0.85 earnings per share (EPS) for the quarter. The firm had revenue of $24.15 million for the quarter. PCB Bancorp had a return on equity of 11.70% and a net margin of 17.08%. On average, equities research analysts forecast that PCB Bancorp will post 2.04 EPS for the current year.

Analyst Upgrades and Downgrades

PCB has been the topic of several research reports. Keefe, Bruyette & Woods boosted their target price on PCB Bancorp from $23.00 to $23.50 and gave the company a “market perform” rating in a research note on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of PCB Bancorp in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.25.

About PCB Bancorp

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.