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

RBB Bancorp (NASDAQ:RBB) announced its quarterly 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. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. The company had revenue of $58.17 million for the quarter, compared to analysts’ expectations of $27.40 million. During the same quarter in the previous year, the company earned $0.58 earnings per share.

RBB Bancorp Trading Up 1.4 %

Shares of NASDAQ RBB opened at $18.50 on Thursday. The firm’s 50 day moving average price is $17.42 and its 200-day moving average price is $16.62. The company has a market cap of $344.51 million, a PE ratio of 8.11 and a beta of 0.96. RBB Bancorp has a 52-week low of $8.62 and a 52-week high of $20.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09.

RBB Bancorp Dividend Announcement

The company 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 $0.16 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.46%. RBB Bancorp’s dividend payout ratio is presently 28.07%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. TheStreet upgraded shares of RBB Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Stephens reissued an “equal weight” rating and set a $20.00 price objective 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 objective on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, RBB Bancorp currently has an average rating of “Hold” and a consensus target price of $18.00.

Insider Transactions at RBB Bancorp

In other news, Director James Kao bought 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $16.95 per share, for a total transaction of $67,800.00. Following the completion of the purchase, the director now owns 505,376 shares in the company, valued at approximately $8,566,123.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have bought 35,977 shares of company stock worth $624,060. Corporate 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.