For its second fiscal quarter (ending June 30), PCB Bancorp (NASDAQ: PCB) has reported a -17% decline in E.P.S. from $0.52 a year ago to $0.43 in the current quarter. However, this result exceeded the consensus estimate of $0.41 by $0.02. For the latest four quarters through June 30, E.P.S. were $1.66 compared to $2.30 a year ago — a decline of -28%.
Recent Price Action
PCB Bancorp (NASDAQ: PCB) stock closed at $19.22 on 7/25/24 after a large increase of 4.2%. Moreover, this advance was accompanied by unusually high trading volume at 190% of normal. Relative to the market the stock has been weak over the last nine months but has risen 8.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, PCB is expected to be Value Creation neutral.
PCB Bancorp has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. PCB Bancorp has a slightly positive Appreciation Score of 70 but a poor Power Rating of 27, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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