PCB Bancorp (NASDAQ:PCB) Plans $0.18 Quarterly Dividend

PCB Bancorp (NASDAQ:PCB) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.18 per share on Friday, May 17th. This represents a $0.72 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Thursday, May 9th.

PCB Bancorp has raised its dividend payment by an average of 19.9% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. PCB Bancorp has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect PCB Bancorp to earn $1.73 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 41.6%.

PCB Bancorp Stock Up 1.6 %

NASDAQ:PCB traded up $0.25 on Friday, hitting $15.47. The stock had a trading volume of 25,690 shares, compared to its average volume of 20,820. PCB Bancorp has a 1 year low of $12.86 and a 1 year high of $19.03. The firm’s fifty day simple moving average is $15.75 and its two-hundred day simple moving average is $16.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $220.60 million, a P/E ratio of 8.84 and a beta of 0.63.

PCB Bancorp (NASDAQ:PCB) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.07). The business had revenue of $24.43 million for the quarter, compared to the consensus estimate of $24.95 million. PCB Bancorp had a return on equity of 9.14% and a net margin of 14.69%. Analysts predict that PCB Bancorp will post 1.7 earnings per share for the current year.

Insider Transactions at PCB Bancorp

In related news, Director Sang Young Lee bought 7,215 shares of PCB Bancorp stock in a transaction dated Friday, March 1st. The stock was purchased at an average cost of $15.91 per share, with a total value of $114,790.65. Following the transaction, the director now directly owns 1,465,199 shares of the company’s stock, valued at $23,311,316.09. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have acquired 15,509 shares of company stock worth $247,400 in the last ninety days. Company insiders own 25.01% of the company’s stock.

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.