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PCB Bancorp

Nasdaq:PCB
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PCB
Nasdaq
$270M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

PCB Bancorp operates as the bank holding company for Pacific City Bank that provides various commercial banking products and services to individuals, professionals, and small-to-medium sized businesses in Southern California. The last earnings update was 76 days ago. More info.


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PCB Share Price and Events
7 Day Returns
-0.4%
NasdaqGS:PCB
0.3%
US Banks
-0.9%
US Market
1 Year Returns
-4.9%
NasdaqGS:PCB
-7.8%
US Banks
3.8%
US Market
PCB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PCB Bancorp (PCB) -0.4% -0.7% -7% -4.9% 61.1% 63%
US Banks 0.3% 2.9% -0.7% -7.8% 45.9% 46.5%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • PCB outperformed the Banks industry which returned -7.8% over the past year.
  • PCB underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
PCB
Industry
5yr Volatility vs Market

Value

 Is PCB Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PCB Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PCB Bancorp.

NasdaqGS:PCB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $15.02 * 12.1%
$1.82
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $15.02
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PCB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (14.88%))
0.777
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:PCB using Excess Returns Model Model

The calculations below outline how an intrinsic value for PCB Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:PCB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.1% – 7.5%) * $15.02)
$0.70
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.70 / (7.5% - 2.73%)
$14.59
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $15.02 + $14.59
$29.61
NasdaqGS:PCB Discount to Share Price
Calculation Result
Value per share (USD) From above. $29.61
Current discount Discount to share price of $16.84
= -1 x ($16.84 - $29.61) / $29.61
43.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PCB Bancorp is available for.
Intrinsic value
43%
Share price is $16.84 vs Future cash flow value of $29.61
Current Discount Checks
For PCB Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PCB Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PCB Bancorp's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PCB Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PCB Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PCB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.64
NasdaqGS:PCB Share Price ** NasdaqGS (2019-07-23) in USD $16.84
United States of America Banks Industry PE Ratio Median Figure of 595 Publicly-Listed Banks Companies 12.67x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PCB Bancorp.

NasdaqGS:PCB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PCB Share Price ÷ EPS (both in USD)

= 16.84 ÷ 1.64

10.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PCB Bancorp is good value based on earnings compared to the US Banks industry average.
  • PCB Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does PCB Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:PCB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
6.8%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NasdaqGS:PCB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.3x ÷ 6.8%

1.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PCB Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on PCB Bancorp's assets?
Raw Data
NasdaqGS:PCB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $13.57
NasdaqGS:PCB Share Price * NasdaqGS (2019-07-23) in USD $16.84
United States of America Banks Industry PB Ratio Median Figure of 595 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
NasdaqGS:PCB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PCB Share Price ÷ Book Value per Share (both in USD)

= 16.84 ÷ 13.57

1.24x

* Primary Listing of PCB Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PCB Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess PCB Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. PCB Bancorp has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PCB Bancorp expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PCB Bancorp expected to grow at an attractive rate?
  • PCB Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • PCB Bancorp's earnings growth is positive but not above the United States of America market average.
  • PCB Bancorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PCB Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PCB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 6.8%
NasdaqGS:PCB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 8.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.6%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PCB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PCB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 88 28 2
2019-12-31 81 26 2
NasdaqGS:PCB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 76 36 25
2018-12-31 75 35 24
2018-09-30 72 25 20
2018-06-30 70 21 18
2018-03-31 70 37 18
2017-12-31 67 25 16
2017-09-30 66 18
2017-06-30 64 17
2017-03-31 60 15
2016-12-31 57 40 14
2016-09-30 54 13
2016-06-30 52 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PCB Bancorp's earnings are expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
  • PCB Bancorp's revenue is expected to grow by 8.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PCB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from PCB Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PCB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.69 1.77 1.62 3.00
2019-12-31 1.60 1.64 1.54 3.00
NasdaqGS:PCB Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.64
2018-12-31 1.69
2018-09-30 1.45
2018-06-30 1.35
2018-03-31 1.36
2017-12-31 1.22
2017-09-30 1.37
2017-06-30 1.28
2017-03-31 1.19
2016-12-31 1.12
2016-09-30 1.04
2016-06-30 1.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if PCB Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess PCB Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PCB Bancorp has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PCB Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PCB Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PCB Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • PCB Bancorp's 1-year earnings growth exceeds its 5-year average (34.7% vs 12.6%)
  • PCB Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (34.7% vs 37.8%).
Earnings and Revenue History
PCB Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PCB Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PCB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 76.06 24.60 36.41
2018-12-31 74.97 24.30 35.81
2018-09-30 71.75 19.91 35.39
2018-06-30 70.13 18.17 35.09
2018-03-31 69.64 18.27 33.66
2017-12-31 67.24 16.40 32.58
2017-09-30 66.26 18.38 27.60
2017-06-30 63.61 17.05 27.12
2017-03-31 59.90 15.41 26.27
2016-12-31 56.92 14.00 29.38
2016-09-30 53.88 12.60 25.32
2016-06-30 51.70 12.30 23.75
2016-03-31 50.83 12.25 22.95
2015-12-31 49.41 12.19 21.79
2015-09-30 47.61 11.64 21.79
2015-06-30 48.26 12.06 21.31
2015-03-31 47.34 12.08 20.43
2014-12-31 45.45 11.48 19.45
2014-09-30 46.19 12.17 19.34
2014-03-31 39.29 19.91 17.53
2013-12-31 37.53 20.49 16.42
2013-09-30 33.33 19.00 16.22
2013-03-31 28.78 8.24 14.55
2012-12-31 26.71 6.83 13.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • PCB Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PCB Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if PCB Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess PCB Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PCB Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PCB Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of PCB Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PCB Bancorp Company Filings, last reported 3 months ago.

NasdaqGS:PCB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 217.21 30.00 173.59
2018-12-31 210.30 30.00 162.27
2018-09-30 202.94 30.00 164.06
2018-06-30 151.43 30.00 168.65
2018-03-31 147.23 40.00 181.55
2017-12-31 142.18 40.00 73.66
2017-09-30 140.54 40.00 87.87
2017-06-30 135.95 40.00 121.63
2017-03-31 131.31 0.00 88.59
2016-12-31 127.01 0.00 69.95
2016-09-30 123.78 0.00 55.10
2016-06-30 105.35 0.00 36.39
2016-03-31 101.92 0.00 64.82
2015-12-31 98.04 0.00 76.95
2015-09-30 95.67 0.00 109.87
2015-06-30 92.49 0.00 103.62
2015-03-31 89.65 0.00 50.53
2014-12-31 86.43 0.00 67.54
2014-09-30 83.77 0.00 51.80
2014-03-31 79.13 0.85 50.93
2013-12-31 76.55 0.85 71.52
2013-09-30 82.10 0.85 59.31
2013-03-31 65.59 0.85 61.79
2012-12-31 65.59 0.85 61.79
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • PCB Bancorp has an acceptable proportion of non-loan assets held.
  • PCB Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at PCB Bancorp are broadly funded by customer deposits.
  • PCB Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • PCB Bancorp has a sufficient allowance for bad loans.
  • PCB Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess PCB Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PCB Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PCB Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.43%
Current annual income from PCB Bancorp dividends. Estimated to be 2.48% next year.
If you bought $2,000 of PCB Bancorp shares you are expected to receive $29 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PCB Bancorp's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • PCB Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.77%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PCB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PCB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.63 3.00
2019-12-31 0.21 3.00
NasdaqGS:PCB Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-02 0.240 1.405
2019-04-26 0.240 1.319
2019-01-25 0.200 1.163
2018-11-19 0.120 0.797
2018-07-17 0.120 0.648
2018-05-04 0.120 0.702
2018-01-26 0.120 0.797
2017-11-14 0.120 0.808
2017-08-08 0.120 0.855
2017-05-10 0.120 0.868
2017-01-26 0.120 0.893
2016-11-04 0.109 0.932
2016-08-08 0.109 1.039
2016-07-01 0.109 1.044
2016-02-11 0.109 1.089
2015-11-02 0.109 0.948
2015-07-30 0.109 0.874
2015-05-14 0.109 0.831

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, PCB Bancorp has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but PCB Bancorp only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of PCB Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (11.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess PCB Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PCB Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PCB Bancorp has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PCB Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Henry Kim
COMPENSATION $915,602
AGE 52
TENURE AS CEO 1.5 years
CEO Bio

Mr. Henry Kim has been the President, Chief Executive Officer and Director at Pacific City Financial Corp. and Pacific City Bank since January 1, 2018. Mr. Kim served as Chief Credit Officer, Chief Operating Officer and Senior Executive Vice President of Pacific City Financial Corp. and Pacific City Bank until January 1, 2018 and served as its Corporate Secretary. Mr. Kim served as Executive Vice President at Pacific City Financial Corp. and was a Chartered Accountant with PricewaterhouseCoopers in 1997. Prior to joining the Bank, Mr. Kim served as First Vice President and Senior Loan Officer and Commercial Loan Center Manager at former Wilshire Bank from 2001 to 2003. Prior to joining Wilshire Bank, he served in various lending positions with Hanmi Bank including Senior Loan Officer from 1992 to 2001 and with former Center Bank from 1990 to 1992. Mr. Kim is a graduate of University of California Santa Barbara and a graduate of Pacific Coast Banking School.

CEO Compensation
  • Henry's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Henry's remuneration is about average for companies of similar size in United States of America.
Management Team

Henry Kim

TITLE
President
COMPENSATION
$916K
AGE
52
TENURE
1.5 yrs

Tim Chang

TITLE
Executive VP
COMPENSATION
$374K
AGE
50
TENURE
9.5 yrs

Andrew Chung

TITLE
Executive VP
COMPENSATION
$342K
AGE
56

Brian Bang

TITLE
Senior VP & Chief Credit Officer
COMPENSATION
$206K
AGE
44

Mimi Lee

TITLE
Senior VP & Chief Operations Administrator
AGE
51

Younghoon Jang

TITLE
Senior VP & Manager of Little Tokyo Branch

Hee Joon

TITLE
Senior VP & Manager of Consumer Loan Department

Nathan Baik

TITLE
Senior VP & Manager of Commercial Loan Center

Thomas Kim

TITLE
Senior VP - Downtown Fashion District Branch & Regional Manager of Downtown Fashion District Branch

Soo Yim Kyoung

TITLE
Senior VP - Irvine Branch & Manager of Irvine Branch
Board of Directors Tenure

Average tenure and age of the PCB Bancorp board of directors in years:

4.5
Average Tenure
63
Average Age
  • The tenure for the PCB Bancorp board of directors is about average.
Board of Directors

Sang Lee

TITLE
Chairman of the Board
COMPENSATION
$94K
AGE
68
TENURE
2.5 yrs

Henry Kim

TITLE
President
COMPENSATION
$916K
AGE
52
TENURE
1.5 yrs

Kijun Ahn

TITLE
Director
COMPENSATION
$89K
AGE
63
TENURE
4.5 yrs

Daniel Park

TITLE
Director
COMPENSATION
$92K
AGE
60
TENURE
4 yrs

Suk Youn

TITLE
Director
COMPENSATION
$58K
AGE
71
TENURE
12.5 yrs

Haeyoung Cho

TITLE
Director
COMPENSATION
$257K
AGE
64
TENURE
8.5 yrs

Don Rhee

TITLE
Director
COMPENSATION
$58K
AGE
63
TENURE
4.5 yrs

Young Sang

TITLE

Daniel Cho

TITLE
Director - Pacific City Bank
COMPENSATION
$86K
AGE
54

Sarah Jun

TITLE
Director - Pacific City Bank
COMPENSATION
$82K
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by PCB Bancorp individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
05. Jun 19 Buy Don Rhee Individual 04. Jun 19 05. Jun 19 17,544 $17.20 $298,577
04. Jun 19 Sell John Ju Individual 03. Jun 19 04. Jun 19 -10,000 $17.00 $-170,000
28. Aug 18 Buy Don Rhee Individual 28. Aug 18 28. Aug 18 12,000 $19.82 $237,381
24. Aug 18 Buy Henry Kim Individual 23. Aug 18 23. Aug 18 2,000 $19.85 $39,650
X
Management checks
We assess PCB Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PCB Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Buying PCB Bancorp (NASDAQ:PCB) Shares?

So we'll take a look at whether insiders have been buying or selling shares in PCB Bancorp (NASDAQ:PCB). … NasdaqGS:PCB Recent Insider Trading, July 16th 2019 PCB Bancorp Insiders Bought Stock Recently Over the last three months, we've seen significantly more insider buying, than insider selling, at PCB Bancorp. … When combined with notable insider ownership, these factors suggest PCB Bancorp insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

Here's What You Should Know About Pacific City Financial Corporation's (NASDAQ:PCB) 1.4% Dividend Yield

Dividend paying stocks like Pacific City Financial Corporation (NASDAQ:PCB) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Looking at the data, we can see that Pacific City Financial has been paying a dividend for the past four years. … Conclusion To summarise, shareholders should always check that Pacific City Financial's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

Income Investors Should Know The Pacific City Financial Corporation (NASDAQ:PCB) Ex-Dividend Date

Investors who want to cash in on Pacific City Financial Corporation's (NASDAQ:PCB) upcoming dividend of US$0.06 per share have only 4 days left to buy the shares before its ex-dividend date, 30 May 2019, in time for dividends payable on the 14 June 2019. … See our latest analysis for Pacific City Financial 5 checks you should use to assess a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is their annual yield among the top 25% of dividend payers? … NasdaqGS:PCB Historical Dividend Yield, May 25th 2019 Does Pacific City Financial pass our checks?

Simply Wall St -

How Much Of Pacific City Financial Corporation (NASDAQ:PCB) Do Insiders Own?

If you want to know who really controls Pacific City Financial Corporation (NASDAQ:PCB), then you'll have to look at the makeup of its share registry. … With a market capitalization of US$279m, Pacific City Financial is a small cap stock, so it might not be well known by many institutional investors. … institutions are noticeable on the share registry

Simply Wall St -

Here's Why I Think Pacific City Financial (NASDAQ:PCB) Is An Interesting Stock

Pacific City Financial's Earnings Per Share Are Growing. … Not all of Pacific City Financial's revenue this year is revenue from operations, so keep in mind the revenue and margin numbers I've used might not be the best representation of the underlying business. … Pacific City Financial maintained stable EBIT margins over the last year, all while growing revenue 12% to US$75m.

Simply Wall St -

Did You Miss Pacific City Financial's (NASDAQ:PCB) 87% Share Price Gain?

For example, the Pacific City Financial Corporation (NASDAQ:PCB) share price is up 87% in the last three years, clearly besting than the market return of around 41% (not including dividends). … During three years of share price growth, Pacific City Financial achieved compound earnings per share growth of 18% per year. … This free interactive report on Pacific City Financial's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

Simply Wall St -

Can These Factors Give You An Edge In Pacific City Financial Corporation (NASDAQ:PCB)?

As a small-cap bank stock with a market capitalisation of US$278m, Pacific City Financial Corporation’s (NASDAQ:PCB) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Pacific City Financial to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place Pacific City Financial in a safe position in the face of adverse headwinds.

Simply Wall St -

Read This Before Buying Pacific City Financial Corporation (NASDAQ:PCB) For Its Dividend

Pacific City Financial Corporation (NASDAQ:PCB) has paid a dividend to shareholders in the last few years. … Does Pacific City Financial tick all the boxes of a great dividend stock? … View our latest analysis for Pacific City Financial

Simply Wall St -

Need To Know: Pacific City Financial Corporation (NASDAQ:PCB) Insiders Have Been Buying Shares

So we'll take a look at whether insiders have been buying or selling shares in Pacific City Financial Corporation (NASDAQ:PCB). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Pacific City Financial Insider Transactions Over The Last Year.

Simply Wall St -

What You Should Know About Pacific City Financial Corporation’s (NASDAQ:PCB) Risks

As a small-cap bank with a market capitalisation of US$230m, Pacific City Financial Corporation’s (NASDAQ:PCB) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Pacific City Financial’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Pacific City Financial's a stock investment.

Simply Wall St -

Company Info

Description

PCB Bancorp operates as the bank holding company for Pacific City Bank that provides various commercial banking products and services to individuals, professionals, and small-to-medium sized businesses in Southern California. The company offers demand, savings, money market, and time deposits, as well as certificates of deposit; and remote deposit capture and courier deposit services, positive pay services, zero balance accounts, and sweep accounts. It also provides real estate loans, commercial and industrial loans, automobile secured loans, and personal loans for various business customers, including manufacturing, wholesale and retail trade, hospitality, etc. In addition, the company offers automated teller machines, debit cards, direct deposits, and cashier’s checks, as well as treasury management, wire transfer, and automated clearing house services; remote deposit, wire transfer, and cash management services; and telephone, mail, and personal appointment banking services. It operates through a network of 11 full-service branches in Los Angeles and Orange counties, California; and a full-service branch in Fort Lee, New Jersey, and Bayside, New York. The company also operates 10 loan production offices located in Irvine, Artesia, and Los Angeles, California; Annandale, Virginia; Chicago, Illinois; Atlanta, Georgia; Bellevue, Washington; Aurora, Colorado; Carrollton, Texas; and New York, New York. The company was formerly known as Pacific City Financial Corporation and changed its name to PCB Bancorp in July 2019. PCB Bancorp was founded in 2003 and is headquartered in Los Angeles, California.

Details
Name: PCB Bancorp
PCB
Exchange: NasdaqGS
Founded: 2003
$269,726,953
16,017,040
Website: http://www.paccity.net
Address: PCB Bancorp
3701 Wilshire Boulevard,
Suite 900,
Los Angeles,
California, 90010,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PCB Common Stock Nasdaq Global Select US USD 26. Nov 2003
Number of employees
Current staff
Staff numbers
252
PCB Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 02:00
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/08
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.