Piper Sandler resumed coverage on Pacific City Financial with a new price target
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Piper Sandler resumed coverage of Pacific City Financial with a rating of Neutral and set a new price target of $17.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/16/2023 | $17.00 | Neutral | Piper Sandler |
| 4/6/2022 | Outperform → Mkt Perform | Raymond James | |
| 11/1/2021 | $21.00 → $24.00 | Outperform | Raymond James |
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income available to common shareholders of $7.5 million, or $0.52 per diluted common share, for the third quarter of 2024, compared with $6.1 million, or $0.43 per diluted common share, for the previous quarter and $7.0 million, or $0.49 per diluted common share, for the year-ago quarter. Q3 2024 Highlights Net income available to common shareholders totaled $7.5 million, or $0.52 per diluted common share; Recorded a provision for credit losses of $50 thousand for the current quarter compared with $259 thousand for the previous quarter and $751 thousand for the year-ago quarter;
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on October 24, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about November 15, 2024, to shareholders of record as of the close of business on November 8, 2024. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire.co
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income of $6.3 million, or $0.43 per diluted common share, for the second quarter of 2024, compared with $4.7 million, or $0.33 per diluted common share, for the previous quarter and $7.5 million, or $0.52 per diluted common share, for the year-ago quarter. Q2 2024 Highlights Net income totaled $6.3 million, or $0.43 per diluted common share; Recorded a provision for credit losses of $259 thousand for the current quarter compared with $1.1 million for the previous quarter and $197 thousand for the year-ago quarter; Allowance for Credit Losses ("ACL") on loans to loans held-f
4 - PCB BANCORP (0001423869) (Issuer)
4 - PCB BANCORP (0001423869) (Issuer)
4 - PCB BANCORP (0001423869) (Issuer)
Piper Sandler resumed coverage of Pacific City Financial with a rating of Neutral and set a new price target of $17.00
Raymond James downgraded Pacific City Financial from Outperform to Mkt Perform
Raymond James reiterated coverage of PCB Bancorp with a rating of Outperform and set a new price target of $24.00 from $21.00 previously
SC 13D/A - PCB BANCORP (0001423869) (Subject)
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4 - PCB BANCORP (0001423869) (Issuer)
4 - PCB BANCORP (0001423869) (Issuer)
4 - PCB BANCORP (0001423869) (Issuer)
10-Q - PCB BANCORP (0001423869) (Filer)
8-K - PCB BANCORP (0001423869) (Filer)
10-Q - PCB BANCORP (0001423869) (Filer)
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank"), today reported net income available to common shareholders of $7.5 million, or $0.52 per diluted common share, for the third quarter of 2024, compared with $6.1 million, or $0.43 per diluted common share, for the previous quarter and $7.0 million, or $0.49 per diluted common share, for the year-ago quarter. Q3 2024 Highlights Net income available to common shareholders totaled $7.5 million, or $0.52 per diluted common share; Recorded a provision for credit losses of $50 thousand for the current quarter compared with $259 thousand for the previous quarter and $751 thousand for the year-ago quarter;
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on October 24, 2024, its Board of Directors declared a quarterly cash dividend of $0.18 per common share. The dividend will be paid on or about November 15, 2024, to shareholders of record as of the close of business on November 8, 2024. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial banking services to small to medium-sized businesses, individuals and professionals, primarily in Southern California, and predominantly in Korean-American and other minority communities. View source version on businesswire.co
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank, announced that on July 24, 2024, its Board of Directors approved an amendment (the "Repurchase Program Amendment") to its current repurchase program that was approved and announced on August 2, 2023. The original repurchase program authorized the repurchase of up to 720,000 shares of the Company's outstanding common stock, which was then approximately 5% of the outstanding share, through August 2, 2024. The Repurchase Program Amendment extends the expiration date from August 2, 2024 to August 1, 2025. As of July 24, 2024, the Company has repurchased and retired 142,223 shares of its common stock, leaving an aggregate
Although U.S. stocks closed lower on Thursday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Exelixis The Trade: Exelixis, Inc. (NASDAQ:EXEL) Director Caligan Partners LP acquired a total of 425,000 shares at an aver
Piper Sandler analyst Matthew Clark maintains PCB Bancorp (NASDAQ:PCB) with a Neutral and lowers the price target from $18 to $17.
PCB Bancorp (NASDAQ:PCB) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.44 by 25 percent. This is a 52.86 percent decrease over earnings of $0.70 per share from the same period last year.
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of PCB Bank (the "Bank") today announced the appointment of Robert "Bob" McGibbon as an Advisory Board Member of the Bank effective March 1, 2023. In his role as an Advisory Board Member, Mr. McGibbon is expected to assist the Bank with Board member training, policy and procedures review, and advising on new products and services from a regulatory perspective, among other areas of advice. Mr. McGibbon recently retired from the Federal Deposit Insurance Corporation ("FDIC"). He joined the FDIC in 1988 and served as Field Supervisor for the FDIC's Los Angeles Territory over the past 20 years, where he supervised up to 70 bank exam
PCB Bancorp (the "Company") (NASDAQ:PCB), the holding company of Pacific City Bank (the "Bank"), today announced the appointment of Janice Chung to the Board of Directors of the Company and the Bank effective November 1, 2021. This appointment increases the membership of the Company's Board of Directors from eight to nine. Ms. Chung is the Chief Executive Officer of BIC Technologies Group, a technology and engineering service firm that specializes in providing, primarily to global companies in South Korea and China, the processing technology of rare metals that includes base materials for solar cells, semiconductor, and titanium dioxide. BIC Technologies Group has provided basic technology