RBB Bancorp Announces Quarterly Dividend of $0.16 (NASDAQ:RBB)

RBB Bancorp (NASDAQ:RBB - Get Free Report) declared a quarterly dividend on Thursday, April 17th, Wall Street Journal reports. Investors of record on Wednesday, April 30th will be given a dividend of 0.16 per share on Monday, May 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Wednesday, April 30th.

RBB Bancorp has increased its dividend payment by an average of 7.9% per year over the last three years. RBB Bancorp has a payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RBB Bancorp to earn $1.92 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 33.3%.

RBB Bancorp Trading Down 0.4 %

NASDAQ RBB traded down $0.06 during trading on Friday, hitting $15.82. The stock had a trading volume of 21,941 shares, compared to its average volume of 49,522. RBB Bancorp has a one year low of $14.40 and a one year high of $25.30. The stock has a 50 day simple moving average of $16.49 and a 200 day simple moving average of $19.89. The stock has a market capitalization of $280.63 million, a price-to-earnings ratio of 10.84 and a beta of 0.89. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. Sell-side analysts predict that RBB Bancorp will post 1.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RBB shares. Piper Sandler cut their price target on shares of RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Stephens reduced 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 report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods lowered their price target on RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating for the company in a report on Friday, February 7th.

Insider Activity

In other news, Director James Kao bought 5,960 shares of the stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $17.24 per share, for a total transaction of $102,750.40. Following the completion of the purchase, the director now directly owns 557,823 shares in the company, valued at approximately $9,616,868.52. The trade was a 1.08 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 9,924 shares of company stock worth $171,398. 4.56% of the stock is currently owned by corporate insiders.

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.