RBB Bancorp (NASDAQ:RBB) Announces Quarterly Earnings Results, Misses Estimates By $0.25 EPS

RBB Bancorp (NASDAQ:RBB - Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.25), Zacks reports. The company had revenue of $28.46 million for the quarter, compared to the consensus estimate of $28.98 million. RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%.

RBB Bancorp Trading Up 4.3 %

RBB Bancorp stock traded up $0.66 during mid-day trading on Friday, hitting $15.84. 25,010 shares of the stock were exchanged, compared to its average volume of 49,172. The firm's fifty day simple moving average is $16.31 and its two-hundred day simple moving average is $19.62. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. RBB Bancorp has a 12 month low of $14.40 and a 12 month high of $25.30. The stock has a market capitalization of $280.99 million, a price-to-earnings ratio of 10.85 and a beta of 0.89.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, April 30th. RBB Bancorp's payout ratio is presently 43.84%.

Wall Street Analysts Forecast Growth

RBB has been the topic of a number of research reports. Stephens decreased their target price on shares of RBB Bancorp from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods lowered their price objective on RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, Piper Sandler dropped their price objective on shares of RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th.

Insider Transactions at RBB Bancorp

In other RBB Bancorp news, Director James Kao bought 5,960 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $17.24 per share, for a total transaction of $102,750.40. Following the transaction, the director now directly owns 557,823 shares in the company, valued at approximately $9,616,868.52. This trade represents a 1.08 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 9,924 shares of company stock worth $171,398 over the last three months. 4.56% of the stock is owned by company insiders.

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.