RBB Bancorp (NASDAQ:RBB) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

RBB Bancorp (NASDAQ:RBB) posted 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. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. The firm had revenue of $58.17 million during the quarter, compared to analysts’ expectations of $27.40 million. During the same period in the previous year, the business posted $0.58 EPS.

RBB Bancorp Stock Up 1.4 %

Shares of RBB opened at $18.50 on Thursday. The stock has a market capitalization of $344.51 million, a PE ratio of 8.11 and a beta of 0.96. RBB Bancorp has a 1 year low of $8.62 and a 1 year 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’s 50-day simple moving average is $17.42 and its 200-day simple moving average is $16.62.

RBB Bancorp Dividend Announcement

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

Insider Transactions at RBB Bancorp

In other news, Director James Kao bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average cost of $17.02 per share, for a total transaction of $85,100.00. Following the completion of the purchase, the director now owns 485,376 shares of the company’s stock, valued at $8,261,099.52. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have acquired 35,977 shares of company stock valued at $624,060. 6.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of RBB Bancorp from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th. TheStreet raised shares of RBB Bancorp from a “c+” rating to a “b-” rating in a report on Wednesday, December 27th. Hovde Group started coverage on shares of RBB Bancorp in a report on Monday. They issued a “market perform” rating and a $19.00 price target for the company. Finally, Stephens reaffirmed an “equal weight” rating and set a $20.00 target price on shares of RBB Bancorp in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, RBB Bancorp currently has a consensus rating of “Hold” and an average target price of $18.00.

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.