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Regional Pacific Banks

Pacific Valley Bank (PVBK) is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol PVBK. Pacific Valley Bank is a regional bank that operates in California, providing various banking services to individuals and businesses.

As of March 11, 2Q23, PVBK's stock price was USD 23.51 per share. Its market capitalization was approximately USD 737.9 million.

In terms of earnings, Pacific Valley Bank reported a net income of USD 4.1 million, or USD 0.27 per share, for 4Q22, representing a 26.8% decrease from the same period in the previous year. Net interest income, which accounts for the majority of the bank's earnings, increased by 20.1% YoY to USD 11.1 million. However, this growth was offset by a USD 1.75 million provision for credit losses, which negatively impacted the bank's bottom line.

Growth-wise, Pacific Valley Bank disclosed that its total loans amounted to USD 2.19 billion as of December 31, 2022, reflecting a 3.5% increase from the same period in the previous year. Total deposits stood at USD 2.39 billion, up by 8.5% YoY.

Pacific Valley Bank's efficiency ratio, which measures a bank's operational efficiency, was 73.73% in 4Q22, signaling a rise from the previous year's ratio of 67.19%. A ratio lower than 60% is generally considered favorable.

The dividend yield of Pacific Valley Bank (PVBK) is 2.55% as of March 11, 2023, with a payout ratio of 39.2%. The bank has consistently paid dividends during the past five years, with an average dividend yield of 2.38%.

Analysts' estimates for Pacific Valley Bank's earnings growth are not particularly encouraging. According to Yahoo Finance, the consensus estimate for 2023 is a loss of USD 0.04 per share, while for 2024, it's USD 0.19 per share. The average of eight analysts' projections indicates a 12-month price target of USD 24.25 for PVBK stock, indicating a potential downside of 3.4% from its current price.

It's worth doing further research and analysis before making any investment decisions regarding Pacific Valley Bank (PVBK).