Latest news with #PCBBancorp
Business Wire
7 days ago
- Business
- Business Wire
PCB Bancorp Announces Extension of Stock Repurchase Plan
LOS ANGELES--(BUSINESS WIRE)--PCB Bancorp (the 'Company') (NASDAQ: PCB), the holding company of PCB Bank, announced that on July 23, 2025, its Board of Directors extended the term of the Company's stock repurchase program for an additional year, to expire on July 31, 2026. The stock repurchase program, which was first adopted on August 2, 2023, authorizes the repurchase of up to 720,000 shares of the Company's outstanding common stock and, as previously extended, was scheduled to expire on August 1, 2025. As of July 23, 2025, the Company has repurchased and retired 291,527 shares of its common stock, leaving an aggregate of 428,473 shares authorized for repurchase under the stock repurchase program. Under the stock repurchase program, the Company may purchase shares of its common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions. The number of shares repurchased and the timing, manner, price and amount of any repurchases will be determined at the Company's discretion. Factors include, but are not limited to, stock price, trading volume and general market conditions, along with the Company's general business conditions. The program may be suspended or discontinued at any time and does not obligate the company to acquire any specific number of shares of its common stock. As part of the stock repurchase program, the Company intends to enter into a trading plan adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The 10b5-1 trading plan would permit common stock to be repurchased at a time that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The 10b5-1 trading plan will be administered by an independent broker and will be subject to price, market volume and timing restrictions. 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. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections and statements of our beliefs concerning future events, business plans, objectives, expected operating results and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and are typically identified with words such as 'may,' 'could,' 'should,' 'will,' 'would,' 'believe,' 'anticipate,' 'estimate,' 'expect,' 'aim,' 'intend,' 'plan,' or words or phases of similar meaning. We caution that forward-looking statements are based largely on our expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond our control, including but not limited to the health of the national and local economies including the impact on the Company and its customers resulting from any adverse developments in real estate markets, inflation levels and interest rates; the impacts of the restatement of our consolidated financial statements at and for the quarter ended March 31, 2025; material weaknesses in the Company's internal control over financial reporting that we have identified or may identify; the impacts of sanctions, tariffs and other trade policies of the United States and its global trading partners and tensions related to the same; the Company's ability to maintain and grow its deposit base; loan demand and continued portfolio performance; the impact of adverse developments at other banks, including bank failures, that impact general sentiment regarding the stability and liquidity of banks that could affect the Company's liquidity, financial performance and stock price; changes to valuations of the Company's assets and liabilities including the allowance for credit losses, earning assets, and intangible assets; changes to the availability of liquidity sources including borrowing lines and the ability to pledge or sell certain assets; the Company's ability to attract and retain skilled employees; customers' service expectations; cyber security risks; the Company's ability to successfully deploy new technology; acquisitions and branch and loan production office expansions; operational risks including the ability to detect and prevent errors and fraud; the effectiveness of the Company's enterprise risk management framework; litigation costs and outcomes; changes in laws, rules, regulations, or interpretations to which the Company is subject; the effects of severe weather events, pandemics, wildfires and other disasters, other public health crises, acts of war or terrorism, and other external events on our business. These and other important factors are detailed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and other filings the Company makes with the SEC, which are available without charge at the SEC's website ( and on the investor relations section of the Company's website at Actual results, performance or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.
Business Wire
7 days ago
- Business
- Business Wire
PCB Bancorp Declares Quarterly Cash Dividend of $0.20 Per Common Share
LOS ANGELES--(BUSINESS WIRE)--PCB Bancorp (the 'Company') (NASDAQ: PCB), the holding company of PCB Bank, announced that on July 23, 2025, its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about August 15, 2025, to shareholders of record as of the close of business on August 8, 2025. 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.
Yahoo
11-06-2025
- Business
- Yahoo
3 Dividend Stocks To Consider With Yields Up To 8.4%
The United States market has shown a positive trend, with a 1.3% increase over the last week and a 13% climb in the past year, alongside forecasts of annual earnings growth at 14%. In such an environment, dividend stocks can be attractive for investors seeking steady income and potential capital appreciation, especially those offering competitive yields. Name Dividend Yield Dividend Rating Universal (UVV) 5.42% ★★★★★★ Southside Bancshares (SBSI) 4.98% ★★★★★☆ First Interstate BancSystem (FIBK) 6.68% ★★★★★★ Ennis (EBF) 5.32% ★★★★★★ Dillard's (DDS) 6.44% ★★★★★★ CompX International (CIX) 5.04% ★★★★★★ Columbia Banking System (COLB) 5.98% ★★★★★★ Citizens & Northern (CZNC) 5.88% ★★★★★☆ Chevron (CVX) 4.77% ★★★★★★ Carter's (CRI) 9.82% ★★★★★☆ Click here to see the full list of 146 stocks from our Top US Dividend Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: PCB Bancorp, with a market cap of $278.08 million, operates as the bank holding company for PCB Bank, offering a range of banking products and services to small and middle market businesses and individuals. Operations: PCB Bancorp generates revenue through its banking operations, providing financial products and services tailored to the needs of small and middle market businesses as well as individual clients. Dividend Yield: 4% PCB Bancorp's dividend of US$0.20 per share, paid quarterly, is well-covered by earnings with a payout ratio of 37.8%. Despite recent Nasdaq compliance issues due to delayed SEC filings, the company maintains stable and reliable dividends over the past decade. However, its dividend yield of 3.98% is below the top tier in the U.S., and while trading at a significant discount to estimated fair value, future dividend sustainability remains uncertain without complete data on earnings coverage. Dive into the specifics of PCB Bancorp here with our thorough dividend report. The valuation report we've compiled suggests that PCB Bancorp's current price could be quite moderate. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Artisan Partners Asset Management Inc. is a publicly owned investment manager with a market cap of $3.34 billion. Operations: Artisan Partners Asset Management Inc. generates revenue primarily from its investment management industry segment, totaling $1.12 billion. Dividend Yield: 8.5% Artisan Partners Asset Management's dividend, currently at US$0.68 per share, is covered by both earnings (83.8% payout ratio) and cash flows (75.2% cash payout ratio), but has been volatile over the past decade. Despite a top-tier yield of 8.46%, recent insider selling and a forecasted decline in earnings raise concerns about future stability. The stock trades 25.3% below its estimated fair value, offering potential value for investors despite its unstable dividend history. Take a closer look at Artisan Partners Asset Management's potential here in our dividend report. Our valuation report here indicates Artisan Partners Asset Management may be undervalued. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: United Parcel Service, Inc. is a package delivery and logistics provider that offers transportation and delivery services, with a market cap of approximately $84.10 billion. Operations: United Parcel Service, Inc. generates revenue through three main segments: International at $18.08 billion, U.S. Domestic at $60.57 billion, and Supply Chain Solutions at $12.26 billion. Dividend Yield: 6.4% United Parcel Service's dividend, yielding 6.4%, ranks in the top 25% of U.S. payers but is not well covered by earnings or cash flow, with payout ratios exceeding 95% and 103% respectively. Despite stable growth over the past decade, high debt levels raise sustainability concerns. Recent board additions and fixed-income offerings totaling over $2 billion may impact financial flexibility, though UPS trades at a discount to its estimated fair value. Click to explore a detailed breakdown of our findings in United Parcel Service's dividend report. In light of our recent valuation report, it seems possible that United Parcel Service is trading behind its estimated value. Dive into all 146 of the Top US Dividend Stocks we have identified here. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PCB APAM and UPS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
27-05-2025
- Business
- Yahoo
Best Income Stocks to Buy for May 27th
Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 27th: Invesco Mortgage Capital IVR: This real estate investment trust that focuses on financing and managing residential and commercial mortgage-backed securities and mortgage loans, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days. INVESCO MORTGAGE CAPITAL INC price-consensus-chart | INVESCO MORTGAGE CAPITAL INC Quote This Zacks Rank #1 (Strong Buy) company has a dividend yield of 18.5%, compared with the industry average of 12.4%. INVESCO MORTGAGE CAPITAL INC dividend-yield-ttm | INVESCO MORTGAGE CAPITAL INC Quote JAKKS Pacific JAKK: This multi-brand company that has been designing and marketing a broad range of toys and consumer products since 1995, has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 3.1% over the last 60 days. JAKKS Pacific, Inc. price-consensus-chart | JAKKS Pacific, Inc. Quote This Zacks Rank #1 company has a dividend yield of 5%, compared with the industry average of 0.0%. JAKKS Pacific, Inc. dividend-yield-ttm | JAKKS Pacific, Inc. Quote PCB Bancorp PCB: This bank holding company which, offers savings accounts, debit and credit cards, personal and business loans, cash management, certificate of deposits, online banking, mortgages, wealth management and e-statements, has witnessed the Zacks Consensus Estimate for its current year earnings increasing nearly 10.4% over the last 60 days. PCB Bancorp price-consensus-chart | PCB Bancorp Quote This Zacks Rank #1 company has a dividend yield of 4.1%, compared with the industry average of 1.3%. PCB Bancorp dividend-yield-ttm | PCB Bancorp Quote See the full list of top ranked stocks here. Find more top income stocks with some of our great premium screens Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JAKKS Pacific, Inc. (JAKK) : Free Stock Analysis Report INVESCO MORTGAGE CAPITAL INC (IVR) : Free Stock Analysis Report PCB Bancorp (PCB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
24-05-2025
- Business
- Business Insider
PCB Bancorp receives noncompliance notification from Nasdaq
PCB Bancorp (PCB) announced that it received a notice from Nasdaq on May 22 notifying the company that because its Form 10-Q for the quarter ended March 31 was not filed with the SEC by the required due date, the company is not in compliance with the periodic filing requirements for continued listing under Nasdaq Listing Rule 5250. Confident Investing Starts Here:
