RBB Bancorp (RBB) To Go Ex-Dividend on April 30th

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Wednesday, May 1st will be paid a dividend of 0.16 per share on Monday, May 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Tuesday, April 30th.

RBB Bancorp has increased its dividend by an average of 24.7% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. RBB Bancorp has a dividend payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RBB Bancorp to earn $1.71 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 37.4%.

RBB Bancorp Trading Down 0.1 %

Shares of RBB Bancorp stock opened at $18.06 on Friday. The firm has a 50-day simple moving average of $17.43 and a two-hundred day simple moving average of $16.71. The company has a market cap of $336.18 million, a P/E ratio of 7.92 and a beta of 0.96. RBB Bancorp has a fifty-two week low of $8.62 and a fifty-two 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 (NASDAQ:RBB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. The business had revenue of $58.17 million during the quarter, compared to the consensus estimate of $27.40 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. As a group, equities analysts predict that RBB Bancorp will post 1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at RBB Bancorp

In other RBB Bancorp news, Director James Kao acquired 12,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The stock was bought at an average price of $18.05 per share, for a total transaction of $216,600.00. Following the acquisition, the director now owns 460,376 shares in the company, valued at $8,309,786.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders acquired 35,977 shares of company stock worth $624,060. Insiders own 6.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on RBB. Hovde Group began coverage on shares of RBB Bancorp in a research report on Monday, April 22nd. They set a “market perform” rating and a $19.00 price target for the company. Stephens restated an “equal weight” rating and set a $20.00 price target on shares of RBB Bancorp in a research report on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $22.00 price target (up previously from $20.00) on shares of RBB Bancorp in a research report on Thursday. Four 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 price target of $18.50.

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.