RBB Bancorp (NASDAQ:RBB) Announces $0.16 Quarterly Dividend

RBB Bancorp (NASDAQ:RBB) announced 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 yield of 3.54%. The ex-dividend date is Tuesday, April 30th.

RBB Bancorp has raised its dividend by an average of 24.7% per year over the last three years and has increased its dividend every year for the last 3 years. RBB Bancorp has a dividend payout ratio of 38.3% meaning 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 Stock Down 0.1 %

RBB Bancorp stock opened at $18.06 on Monday. 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. The company has a market capitalization of $336.28 million, a P/E ratio of 7.92 and a beta of 0.96. The stock has a 50-day simple moving average of $17.43 and a 200-day simple moving average of $16.74.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Tuesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. 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 quarter in the previous year, the firm posted $0.58 EPS. Equities research analysts expect that RBB Bancorp will post 1.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

RBB has been the topic of several recent analyst reports. Hovde Group assumed coverage on RBB Bancorp in a research report on Monday, April 22nd. They set a “market perform” rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $22.00 price target (up previously from $20.00) on shares of RBB Bancorp in a report on Thursday. Finally, Stephens restated an “equal weight” rating and issued a $20.00 price target on shares of RBB Bancorp in a report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.50.

Insider Buying and Selling

In related news, Director James Kao bought 5,000 shares of RBB Bancorp stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average price of $17.02 per share, with a total value of $85,100.00. Following the purchase, the director now owns 485,376 shares in the company, valued at $8,261,099.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have bought a total of 35,977 shares of company stock worth $624,060 in the last quarter. Company insiders own 6.63% of the company’s stock.

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.