RBB Bancorp (NASDAQ:RBB) Announces Quarterly Earnings Results

RBB Bancorp (NASDAQ:RBB) announced its earnings results on Tuesday. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.08, Briefing.com reports. The business had revenue of $58.17 million during the quarter, compared to analyst estimates of $27.40 million. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. During the same period in the previous year, the business posted $0.58 earnings per share.

RBB Bancorp Stock Up 1.4 %

Shares of NASDAQ RBB opened at $18.50 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. RBB Bancorp has a 52 week low of $8.62 and a 52 week high of $20.22. The firm’s fifty day moving average is $17.42 and its 200 day moving average is $16.62. The company has a market cap of $344.47 million, a price-to-earnings ratio of 8.11 and a beta of 0.96.

RBB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Wednesday, May 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Tuesday, April 30th. RBB Bancorp’s payout ratio is 28.07%.

Insider Buying and Selling

In related news, Director James Kao acquired 4,000 shares of RBB Bancorp stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of $16.95 per share, with a total value of $67,800.00. Following the transaction, the director now owns 505,376 shares in the company, valued at $8,566,123.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have bought a total of 35,977 shares of company stock valued at $624,060 over the last three months. 6.63% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RBB has been the topic of several research reports. Stephens reissued an “equal weight” rating and set a $20.00 price target on shares of RBB Bancorp in a research note on Tuesday. Hovde Group initiated coverage on shares of RBB Bancorp in a research note on Monday. They set a “market perform” rating and a $19.00 price target on the stock. Keefe, Bruyette & Woods lifted their price target on shares of RBB Bancorp from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Finally, TheStreet raised shares of RBB Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, RBB Bancorp presently has a consensus rating of “Hold” and an average target price of $18.00.

RBB Bancorp Company Profile

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.