PCB Bancorp (NASDAQ:PCB – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.70 by $0.39, FiscalAI reports. The firm had revenue of $30.70 million for the quarter, compared to analyst estimates of $31.10 million. PCB Bancorp had a return on equity of 12.70% and a net margin of 19.03%.
PCB Bancorp Stock Down 0.7%
PCB Bancorp stock traded down $0.20 during trading hours on Thursday, reaching $28.90. The stock had a trading volume of 43,806 shares, compared to its average volume of 28,240. The company has a market cap of $411.25 million, a price-to-earnings ratio of 10.40 and a beta of 0.50. The business’s 50 day moving average price is $26.75 and its 200-day moving average price is $24.24. PCB Bancorp has a 52 week low of $19.70 and a 52 week high of $30.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.07 and a quick ratio of 1.06.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co raised its stake in shares of PCB Bancorp by 45.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,447 shares of the company’s stock worth $31,000 after acquiring an additional 453 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in PCB Bancorp by 3,769.6% in the second quarter. Russell Investments Group Ltd. now owns 1,780 shares of the company’s stock valued at $37,000 after acquiring an additional 1,734 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in PCB Bancorp by 88.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,916 shares of the company’s stock worth $40,000 after purchasing an additional 898 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in PCB Bancorp by 273.4% in the third quarter. BNP Paribas Financial Markets now owns 3,939 shares of the company’s stock worth $83,000 after purchasing an additional 2,884 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of PCB Bancorp during the first quarter worth $94,000. Hedge funds and other institutional investors own 33.04% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on PCB Bancorp
PCB Bancorp Company Profile
PCB Bancorp is the bank holding company for Pacific City Bank, a California-chartered bank founded in 1999 and headquartered in Torrance, California. As the parent of an FDIC-insured institution, PCB Bancorp oversees a community-focused banking franchise that serves both retail customers and commercial enterprises. The company’s strategy emphasizes personalized service and deep market knowledge to meet the evolving needs of individuals, families and businesses in Southern California.
Through its subsidiary Pacific City Bank, PCB Bancorp offers a broad range of financial products and services, including deposit accounts, commercial real estate and construction lending, residential mortgages, trade finance, treasury management and wealth advisory solutions.
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