RBB Bancorp (NASDAQ:RBB) Issues Earnings Results

RBB Bancorp (NASDAQ:RBB) released its earnings results on Tuesday. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08, Briefing.com reports. 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 analyst estimates of $27.40 million. During the same period in the prior year, the business earned $0.58 earnings per share.

RBB Bancorp Trading Down 0.8 %

Shares of RBB Bancorp stock opened at $18.36 on Thursday. The company has a fifty day simple moving average of $17.42 and a 200-day simple moving average of $16.62. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. The stock has a market cap of $341.90 million, a price-to-earnings ratio of 8.11 and a beta of 0.96. RBB Bancorp has a 12-month low of $8.62 and a 12-month high of $20.22.

RBB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Wednesday, May 1st will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.49%. RBB Bancorp’s dividend payout ratio (DPR) is 28.07%.

Insider Buying and Selling

In other news, Director James Kao acquired 2,000 shares of RBB Bancorp stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average cost of $16.98 per share, for a total transaction of $33,960.00. Following the completion of the purchase, the director now owns 519,175 shares of the company’s stock, valued at $8,815,591.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have purchased 35,977 shares of company stock valued at $624,060. Insiders own 6.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on RBB. Stephens reiterated an “equal weight” rating and issued a $20.00 price objective on shares of RBB Bancorp in a research note on Tuesday. Hovde Group assumed coverage on shares of RBB Bancorp in a research report on Monday. They set a “market perform” rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on RBB Bancorp from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Finally, TheStreet raised RBB Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, RBB Bancorp presently 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.