RBB Bancorp (NASDAQ:RBB) Posts Earnings Results, Beats Expectations By $0.03 EPS

RBB Bancorp (NASDAQ:RBB – Get Rating) released its quarterly earnings results on Monday. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03, MarketWatch Earnings reports. RBB Bancorp had a net margin of 34.92% and a return on equity of 13.38%. The business had revenue of $55.00 million during the quarter, compared to the consensus estimate of $42.50 million.

RBB Bancorp Stock Performance

RBB stock traded down $0.59 during mid-day trading on Tuesday, reaching $20.22. The company had a trading volume of 23,798 shares, compared to its average volume of 33,667. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $383.49 million, a P/E ratio of 6.32 and a beta of 0.85. RBB Bancorp has a one year low of $19.50 and a one year high of $29.08. The stock’s 50-day simple moving average is $21.51 and its two-hundred day simple moving average is $21.68.

RBB Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Shareholders of record on Monday, January 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.17%. This is a boost from RBB Bancorp’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, January 27th. RBB Bancorp’s dividend payout ratio (DPR) is presently 17.50%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their price target on shares of RBB Bancorp to $22.50 in a research report on Friday, September 30th.

Institutional Investors Weigh In On RBB Bancorp

A number of hedge funds have recently added to or reduced their stakes in RBB. First Trust Advisors LP bought a new stake in shares of RBB Bancorp during the third quarter valued at about $924,000. Dimensional Fund Advisors LP raised its stake in shares of RBB Bancorp by 6.2% during the third quarter. Dimensional Fund Advisors LP now owns 608,315 shares of the company’s stock valued at $12,641,000 after purchasing an additional 35,677 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of RBB Bancorp by 271.0% during the second quarter. Goldman Sachs Group Inc. now owns 33,696 shares of the company’s stock valued at $696,000 after purchasing an additional 24,614 shares in the last quarter. American Century Companies Inc. raised its stake in shares of RBB Bancorp by 29.4% during the first quarter. American Century Companies Inc. now owns 70,187 shares of the company’s stock valued at $1,649,000 after purchasing an additional 15,938 shares in the last quarter. Finally, State Street Corp raised its stake in shares of RBB Bancorp by 5.9% during the first quarter. State Street Corp now owns 276,895 shares of the company’s stock valued at $6,504,000 after purchasing an additional 15,348 shares in the last quarter. 36.60% of the stock is currently owned by institutional investors.

About RBB Bancorp

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RBB Bancorp is a bank holding company, which engages in the provision of commercial banking services through its subsidiaries. Its services include remote deposit, e-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, SBA 7A and 504 loans, mortgage loans, trade finance, and a range of depository accounts.