RBB Bancorp (NASDAQ:RBB - Get Free Report) posted its quarterly earnings results on Monday. 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 19.06% and a return on equity of 8.36%. The company had revenue of $58.17 million for the quarter, compared to analyst estimates of $27.40 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share.
RBB Bancorp Price Performance
Shares of NASDAQ:RBB traded down $0.01 during trading on Tuesday, reaching $18.25. The company had a trading volume of 49,905 shares, compared to its average volume of 40,995. The company has a fifty day moving average of $17.40 and a two-hundred day moving average of $16.58. The stock has a market capitalization of $339.82 million, a P/E ratio of 7.55 and a beta of 0.96. RBB Bancorp has a 12 month low of $8.62 and a 12 month high of $20.22. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Wednesday, May 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date is Tuesday, April 30th. RBB Bancorp's payout ratio is 26.34%.
Wall Street Analyst Weigh In
RBB has been the topic of several research reports. TheStreet raised shares of RBB Bancorp from a "c+" rating to a "b-" rating in a research report on Wednesday, December 27th. Stephens reaffirmed an "equal weight" rating and set a $20.00 target price on shares of RBB Bancorp in a report on Tuesday. Keefe, Bruyette & Woods upped their target price 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. Finally, Hovde Group started coverage on shares of RBB Bancorp in a report on Monday. They set a "market perform" rating and a $19.00 target price on the stock. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $18.00.
Check Out Our Latest Stock Report on RBB
Insider Transactions at RBB Bancorp
In related news, Director James Kao purchased 12,000 shares of the firm's stock in a transaction dated Wednesday, January 31st. The shares were purchased at an average price of $18.05 per share, with a total value of $216,600.00. Following the acquisition, the director now directly owns 460,376 shares of the company's stock, valued at $8,309,786.80. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have purchased 35,977 shares of company stock valued at $624,060 in the last quarter. Insiders own 6.63% of the company's stock.
About RBB Bancorp
(
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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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