Pacific City Financial Corporation (PCB) Plans $0.03 Quarterly Dividend
Pacific City Financial Corporation (NYSE:PCB) declared a quarterly dividend on Tuesday, November 20th, Wall Street Journal reports. Stockholders of record on Friday, November 30th will be paid a dividend of 0.03 per share on Friday, December 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, November 29th.
Shares of NYSE PCB traded down $0.41 during mid-day trading on Tuesday, hitting $16.21. The company had a trading volume of 29,141 shares, compared to its average volume of 53,967. Pacific City Financial has a one year low of $14.35 and a one year high of $20.95.
Pacific City Financial (NYSE:PCB) last announced its quarterly earnings data on Tuesday, October 23rd. The company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). The firm had revenue of $19.30 million during the quarter, compared to the consensus estimate of $21.50 million.
Several equities research analysts recently issued reports on PCB shares. Sandler O’Neill started coverage on shares of Pacific City Financial in a research note on Wednesday, September 5th. They issued a “buy” rating and a $23.00 target price for the company. Keefe, Bruyette & Woods started coverage on shares of Pacific City Financial in a research note on Tuesday, September 4th. They issued a “market perform” rating and a $22.00 target price for the company. Raymond James started coverage on shares of Pacific City Financial in a research note on Tuesday, September 4th. They issued an “outperform” rating and a $22.00 target price for the company. Finally, Zacks Investment Research downgraded shares of Pacific City Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th.
About Pacific City Financial
Pacific City Financial Corporation operates as a 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 checking, savings, and money market accounts, as well as certificates of deposit.
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