PCB Bancorp (PCB) to Distribute Quarterly Dividend of $0.22 on November 20th

PCB Bancorp (NASDAQ:PCB – Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.22 per share on Friday, November 20th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 13th.

PCB Bancorp has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. PCB Bancorp has a dividend payout ratio of 34.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PCB Bancorp to earn $3.32 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 26.5%.

PCB Bancorp Stock Up 0.1%

PCB stock opened at $30.39 on Wednesday. PCB Bancorp has a fifty-two week low of $20.87 and a fifty-two week high of $32.00. The business’s fifty day moving average price is $28.31 and its two-hundred day moving average price is $25.92. The stock has a market capitalization of $427.28 million, a price-to-earnings ratio of 10.27 and a beta of 0.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 1.07.

PCB Bancorp (NASDAQ:PCB – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.12. The company had revenue of $32.39 million during the quarter, compared to the consensus estimate of $31.93 million. PCB Bancorp had a net margin of 19.92% and a return on equity of 13.05%. On average, equities analysts anticipate that PCB Bancorp will post 3.07 earnings per share for the current year.

About PCB Bancorp

(Get Free Report)

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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Dividend History for PCB Bancorp (NASDAQ:PCB)

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