RBB Bancorp (NASDAQ:RBB) Releases Earnings Results, Beats Estimates By $0.08 EPS

RBB Bancorp (NASDAQ:RBB) issued its earnings results on Tuesday. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08, Briefing.com reports. RBB Bancorp had a return on equity of 7.74% and a net margin of 17.69%. The company had revenue of $58.17 million for the quarter, compared to analysts’ expectations of $27.40 million. During the same period last year, the business earned $0.58 EPS.

RBB Bancorp Trading Up 1.4 %

NASDAQ RBB opened at $18.50 on Thursday. The stock has a market capitalization of $344.51 million, a price-to-earnings ratio of 8.11 and a beta of 0.96. RBB Bancorp has a one year low of $8.62 and a one year high of $20.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09. The business’s fifty day moving average is $17.42 and its 200-day moving average is $16.62.

RBB Bancorp Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on RBB shares. Hovde Group began coverage on RBB Bancorp in a report on Monday. They issued a “market perform” rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods raised their price objective on RBB Bancorp from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Stephens restated an “equal weight” rating and set a $20.00 price objective on shares of RBB Bancorp in a research note on Tuesday. Finally, TheStreet upgraded RBB Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat, RBB Bancorp currently has a consensus rating of “Hold” and an average target price of $18.00.

Insider Transactions at RBB Bancorp

In other RBB Bancorp news, Director James Kao bought 2,000 shares of the stock in a transaction dated Wednesday, March 13th. The shares were bought at an average cost of $16.98 per share, for a total transaction of $33,960.00. Following the purchase, the director now directly owns 519,175 shares of the company’s stock, valued at approximately $8,815,591.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired 35,977 shares of company stock worth $624,060 in the last ninety days. Company insiders own 6.63% of the company’s stock.

About RBB Bancorp

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.