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

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.16 per share on Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Thursday, October 31st.

RBB Bancorp has increased its dividend payment by an average of 24.7% per year over the last three years. RBB Bancorp has a payout ratio of 37.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RBB Bancorp to earn $1.70 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 37.6%.

RBB Bancorp Price Performance

Shares of RBB opened at $22.80 on Wednesday. RBB Bancorp has a 1 year low of $11.15 and a 1 year high of $24.50. 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 company has a market capitalization of $406.07 million, a price-to-earnings ratio of 10.91 and a beta of 0.95. The business has a 50-day moving average of $22.71 and a 200-day moving average of $20.30.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. RBB Bancorp had a return on equity of 6.94% and a net margin of 16.38%. The company had revenue of $60.17 million during the quarter, compared to the consensus estimate of $28.17 million. During the same period last year, the company earned $0.63 earnings per share. As a group, equities research analysts anticipate that RBB Bancorp will post 1.59 earnings per share for the current year.

Analysts Set New Price Targets

RBB has been the subject of a number of analyst reports. Stephens restated an “equal weight” rating and set a $20.00 price objective on shares of RBB Bancorp in a research report on Tuesday, July 23rd. Piper Sandler lifted their target price on RBB Bancorp from $21.00 to $21.50 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Hovde Group reiterated a “market perform” rating and issued a $20.00 target price on shares of RBB Bancorp in a report on Monday, July 15th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.88.

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.