PCB Bancorp (NASDAQ:PCB – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.
A number of other research firms have also weighed in on PCB. Weiss Ratings reissued a “buy (a-)” rating on shares of PCB Bancorp in a research report on Friday, August 7th. Keefe, Bruyette & Woods upped their price objective on shares of PCB Bancorp from $29.00 to $29.50 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $27.75.
View Our Latest Stock Analysis on PCB
PCB Bancorp Trading Up 2.3%
NASDAQ PCB opened at $30.62 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $28.02 and a 200 day simple moving average of $25.72. PCB Bancorp has a 12 month low of $20.87 and a 12 month high of $30.83. The firm has a market capitalization of $430.21 million, a P/E ratio of 10.34 and a beta of 0.49.
PCB Bancorp (NASDAQ:PCB – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.12. PCB Bancorp had a net margin of 19.92% and a return on equity of 13.05%. The firm had revenue of $32.39 million for the quarter, compared to the consensus estimate of $31.93 million. On average, analysts predict that PCB Bancorp will post 3.02 EPS for the current fiscal year.
Institutional Trading of PCB Bancorp
A number of large investors have recently added to or reduced their stakes in PCB. Clifford Swan Investment Counsel LLC bought a new stake in PCB Bancorp in the second quarter worth about $201,000. Empowered Funds LLC bought a new stake in shares of PCB Bancorp in the 2nd quarter worth approximately $2,282,000. Public Employees Retirement System of Ohio bought a new stake in shares of PCB Bancorp in the 2nd quarter worth approximately $60,000. Bank of America Corp DE purchased a new position in PCB Bancorp in the second quarter valued at approximately $223,000. Finally, Man Group plc bought a new position in PCB Bancorp during the second quarter valued at $492,000. Hedge funds and other institutional investors own 33.04% of the company’s stock.
PCB Bancorp Company Profile
PCB Bancorp is the bank holding company for PCB Bank, a community bank headquartered in Los Angeles, California. The company provides banking services to individuals, businesses and organizations, with a particular focus on Korean American and other underserved small-business communities.
PCB Bank offers a range of deposit products, including checking, savings, money market and time deposit accounts. Its lending activities include commercial and industrial loans, commercial real estate loans, Small Business Administration loans, residential mortgage loans and consumer loans.
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