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

PCB Bancorp (NASDAQ:PCB) posted its quarterly 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. PCB Bancorp had a net margin of 13.37% and a return on equity of 8.55%. The business had revenue of $48.62 million during the quarter, compared to analyst estimates of $25.50 million.

PCB Bancorp Stock Up 3.7 %

Shares of PCB Bancorp stock traded up $0.66 on Friday, reaching $18.74. The stock had a trading volume of 16,486 shares, compared to its average volume of 21,608. The company has a 50 day moving average price of $18.49 and a 200 day moving average price of $16.87. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. PCB Bancorp has a 1 year low of $14.50 and a 1 year high of $20.22. The stock has a market capitalization of $267.36 million, a P/E ratio of 10.71 and a beta of 0.67.

Insider Transactions at PCB Bancorp

In other PCB Bancorp news, Director Daniel Cho sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $18.47, for a total transaction of $461,750.00. Following the sale, the director now owns 98,000 shares of the company’s stock, valued at approximately $1,810,060. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 25.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.