RBB Bancorp (NASDAQ:RBB) Announces Quarterly Earnings Results

RBB Bancorp (NASDAQ:RBBGet Free Report) announced its 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. The business had revenue of $58.17 million during the quarter, compared to analyst estimates of $27.40 million. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. During the same period in the previous year, the business posted $0.58 earnings per share.

RBB Bancorp Stock Up 1.4 %

Shares of NASDAQ RBB opened at $18.50 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. RBB Bancorp has a 52 week low of $8.62 and a 52 week high of $20.22. The firm’s fifty day moving average is $17.42 and its 200 day moving average is $16.62. The company has a market cap of $344.47 million, a price-to-earnings ratio of 8.11 and a beta of 0.96.

RBB Bancorp Dividend Announcement

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

Insider Buying and Selling

In related news, Director James Kao acquired 4,000 shares of RBB Bancorp stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of $16.95 per share, with a total value of $67,800.00. Following the transaction, the director now owns 505,376 shares in the company, valued at $8,566,123.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have bought a total of 35,977 shares of company stock valued at $624,060 over the last three months. 6.63% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

RBB has been the topic of several research reports. Stephens reissued an “equal weight” rating and set a $20.00 price target 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 target on the stock. Keefe, Bruyette & Woods lifted their price target 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. Finally, TheStreet raised shares of RBB Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, RBB Bancorp presently has a consensus rating of “Hold” and an average target price of $18.00.

Get Our Latest Stock Analysis on RBB

RBB Bancorp Company Profile

(Get Free Report)

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.

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Earnings History for RBB Bancorp (NASDAQ:RBB)

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