PCB Bancorp

PCB Bancorp

PCBยทNASDAQ

$24.00

-2.1%
Financial ServicesBanks - Regional

PCB Bancorp operates as the bank holding company for Pacific City 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 remote deposit capture, courier deposit services, positive pay services, zero balance accounts, and sweep accounts. It also provides real estate loans, including commercial and residential, Small Business Administration (SBA) property, and construction loans; commercial and industrial loans, such as commercial term and lines of credit, SBA commercial term, and SBA Paycheck Protection Program loans; and other consumer loans comprising automobile secured loans and personal loans. In addition, the company offers access to account balances, online transfers, and online bill payment and electronic delivery of customer statements; and mobile banking solutions that include remote check deposit and mobile bill pay. Further, it provides automated teller machines; and banking by telephone, mail, personal appointment, debit cards, direct deposit, and cashier's checks, as well as treasury management, wire transfer, and automated clearing house services. The company operates through a network of 11 full-service branches in Los Angeles and Orange counties, California; and one full-service branch in each of Englewood Cliffs, New Jersey, and Bayside, New York. It also operates 10 loan production offices in Irvine, Artesia, and Los Angeles, California; Annandale, Virginia; Atlanta, Georgia; Chicago, Illinois; 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.

At a Glance

Live Snapshot
Market Cap$341.63M
EPS2.6200
P/E Ratio9.16
Earnings Date07/23/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 9.2).

Valuation inputs: P/E 9.2, earnings yield +10.9%, momentum -2.1%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +9.6%, ROIC -3.8%).

Profitability stack: net margin +17.9%, ROE +9.6%, ROIC -3.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +88.1%, momentum -2.1%, net margin +17.9%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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PCB Bancorp Market vs Earnings Trajectory

PCB ยท NASDAQ

Loading price and EPS data...

PCB Bancorp

PCB Bancorp Fair Value Envelope

PCB ยท NASDAQ

Our analysis suggests that PCB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $24, this represents a potential HIDDEN relative to our calculated worth for PCB Bancorp.

Intrinsic Value
Current Price: $24
3Y+11.0%
5Y+150.0%
10Y+134.0%
3Y+80.0%
5Y+129.0%
10Y+218.0%
3Y+7.0%
5Y+132.0%
10Y+167.0%
3Y-54.0%
5Y+56.0%
10Y-34.0%
3Y-50.0%
5Y+68.0%
10Y-33.0%
3Y+36.0%
5Y+71.0%
10Y+168.0%
PCB Bancorp

PCB Bancorp Profit Bridge

PCB ยท NASDAQ
Revenue209.37M
Cost of Goods Sold (97.69M)
Gross Profit111.69M
Operating Expenses (59.20M)
Operating Income52.49M
Interest Expense (93.66M)
Other Income/Expense0.00
Pretax Income52.49M
Income Tax (15.04M)
Net Income37.45M
Net Income
37.45M

Profitability Analysis

Gross Margin

53.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

25.1%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

17.9%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

28.6%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

53.34%
Gross Profit Margin
6%
3Y-38.0%
5Y-25.0%
10Y-38.0%
25.07%
Operating Profit Margin
33%
3Y-41.0%
5Y-
10Y-32.0%
17.89%
Net Profit Margin
33%
3Y-41.0%
5Y+1.0%
10Y-16.0%
9.60%
Return on Equity
35%
3Y-8.0%
5Y+39.0%
10Y-13.0%
1.14%
Return on Assets
35%
3Y-21.0%
5Y+36.0%
10Y-
-3.76%
Return on Invested Capital
-165%
3Y-139.0%
5Y-175.0%
10Y-134.0%
PCB

PCB Bancorp Cash Conversion Engine

PCB ยท NASDAQ
Net Income37.45M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital-5.39M
Others-5.48M
Capital Expenditures-2.19M
Free Cash Flow25.66M

Cash Flow Quality Analysis

FCF Conversion Rate

68.5%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

8.2%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-26.5%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$5.39M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Cash Flow Quality Insight

Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.

pcb

PCB Bancorp Funding & Solvency Profile

PCB ยท NASDAQ
Cash & Cash Equivalents24.79M
Net Receivables10.95M
Inventory0.00
Other Current Assets0.00
Total Current Assets36 M
Property, Plant & Equipment24.15M
Goodwill & Intangible Assets0.00
Long-Term Investments3.27B
Other Non-Current Assets55.32M
Total Non-Current Assets3 B
Total Assets
3.40B

Financial Health Analysis

Current Ratio

1.95x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

7.56x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

17 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

1% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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PCB Bancorp Street Expectations Map

PCB ยท NASDAQ

Wall Street analysts project that PCB stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 26.00, with estimates ranging from a low of 26.00 to a high of 26.00.

Lowest Target
26.00
8.33%
Consensus Target
26.00
8.33%
Highest Target
26.00
8.33%

The consensus 1-year price target stands at 26.00, with estimates ranging from a low of 26.00 to a high of 26.00.

Analyst Consensus Analysis

Upside Potential

+8.3%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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PCB Bancorp Insider Positioning

PCB ยท NASDAQ

During the last 12 months, insiders have purchased $586K and sold $422K worth of PCB shares, resulting in $164K of net buying activity.

3 Months

Bought

1.1K

23.71K

Sold

0

0.00

Net Activity

+24K

+$24K

3-6 Months

Bought

12.6K

282.50K

Sold

0

0.00

Net Activity

+283K

+$283K

6-9 Months

Bought

0

0.00

Sold

19.8K

204.80K

Net Activity

-205K

-$205K

9-12 Months

Bought

13.2K

279.70K

Sold

21.0K

216.93K

Net Activity

+63K

+$63K

Top Buyers

1
LSY

Lee Sang Young

Director, 10 Percent Owner:

23.9K sharesโ€ข9 transactions

$526K

2
RD

Rhee Don

Director

3.0K sharesโ€ข1 transactions

$60K

Top Sellers

1
CT

Chang Timothy

Officer: Evp & Chief Financial Officer

17.7K sharesโ€ข2 transactions

$183K

2
BB

Bang Brian

Officer: Evp & Chief Credit Officer

15.1K sharesโ€ข1 transactions

$156K

3
KH

Kim Henry

Director, Officer: President, Ceo & Director

8.0K sharesโ€ข1 transactions

$83K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Moderately bullish with $164K net buying. Insiders show cautious optimism through measured share purchases.

Buy/Sell Ratio

1.39:1

Positive buy/sell ratio. Buying exceeds or matches selling, indicating net positive insider sentiment.

Recent Trend (3 Months)

$24K

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

Moderate Selling

3 insider sellers vs. 2 buyers. More insiders selling than buying suggests cautious or negative sentiment.

Insider Activity Insight

Sustained buying momentum: Consistent net buying over multiple quarters suggests insiders maintain conviction in the company's prospects. This is particularly meaningful if buying continued through market volatility.

0.98%
Dividend Yield
2%
3Y-6.0%
5Y+46.0%
10Y-
ย 

pcb Dividend History

PCB
10Y CAGR +23%
Latest $0.22
Annual $1.04
5 year growth trend
Last Period: +0%