RBB Bancorp (NASDAQ:RBB) Announces Earnings Results

RBB Bancorp (NASDAQ:RBB) announced its quarterly earnings data on Tuesday. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08, Briefing.com reports. The firm had revenue of $58.17 million for the quarter, compared to analyst estimates of $27.40 million. RBB Bancorp had a return on equity of 7.74% and a net margin of 17.69%. During the same period last year, the company earned $0.58 EPS.

RBB Bancorp Stock Performance

RBB stock opened at $18.50 on Thursday. The business’s 50-day moving average price is $17.42 and its two-hundred day moving average price is $16.62. RBB Bancorp has a 1-year low of $8.62 and a 1-year high of $20.22. The firm has a market cap of $344.51 million, a PE ratio of 8.11 and a beta of 0.96. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56.

RBB Bancorp Announces Dividend

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

Insider Buying and Selling at RBB Bancorp

In other news, Director James Kao purchased 5,000 shares of the company’s stock in a transaction 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 directly owns 485,376 shares of the company’s stock, valued at approximately $8,261,099.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought 35,977 shares of company stock valued at $624,060 in the last 90 days. 6.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on RBB shares. Keefe, Bruyette & Woods increased their price objective on RBB Bancorp from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Stephens restated an “equal weight” rating and issued a $20.00 price target on shares of RBB Bancorp in a research report on Tuesday. Hovde Group began coverage on RBB Bancorp in a research report on Monday. They issued a “market perform” rating and a $19.00 price target on the stock. Finally, TheStreet upgraded RBB Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.00.

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.