RBB Bancorp (NASDAQ:RBB) to Issue $0.16 Quarterly Dividend

Key Points

• RBB Bancorp has declared a quarterly dividend of $0.16 per share, with the payment date set for November 12th for investors of record as of October 31st.
• The company reported earnings of $0.59 per share for the last quarter, surpassing analysts' expectations of $0.41, alongside revenue of $31.95 million compared to an estimate of $31.72 million.
• RBB Bancorp's current dividend payout ratio stands at 34.6%, indicating that its dividend is well-covered by earnings, with an anticipated future payout ratio of 33.3% based on projected earnings of $1.92 per share.

RBB Bancorp (NASDAQ:RBB - Get Free Report) declared a quarterly dividend on Monday, October 20th. Investors of record on Friday, October 31st will be paid a dividend of 0.16 per share on Wednesday, November 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, October 31st.

RBB Bancorp has a dividend payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Up 3.4%

Shares of NASDAQ:RBB opened at $17.61 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. RBB Bancorp has a 12 month low of $14.40 and a 12 month high of $25.30. The company has a 50-day moving average price of $19.14 and a 200 day moving average price of $17.74. The company has a market cap of $303.77 million, a price-to-earnings ratio of 13.65 and a beta of 1.07.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced its quarterly earnings results on Monday, October 20th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.18. The firm had revenue of $31.95 million during the quarter, compared to the consensus estimate of $31.72 million. RBB Bancorp had a net margin of 9.80% and a return on equity of 4.50%. During the same quarter last year, the firm earned $0.39 EPS. As a group, equities research analysts predict that RBB Bancorp will post 1.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBB. Fourthstone LLC acquired a new position in RBB Bancorp during the second quarter valued at $2,830,000. FJ Capital Management LLC raised its position in shares of RBB Bancorp by 8.6% in the first quarter. FJ Capital Management LLC now owns 1,756,006 shares of the company's stock worth $28,974,000 after acquiring an additional 139,163 shares during the period. Nuveen LLC acquired a new position in shares of RBB Bancorp in the first quarter worth about $873,000. American Century Companies Inc. raised its position in shares of RBB Bancorp by 8.7% in the first quarter. American Century Companies Inc. now owns 373,405 shares of the company's stock worth $6,161,000 after acquiring an additional 29,761 shares during the period. Finally, Strs Ohio acquired a new position in shares of RBB Bancorp in the first quarter worth about $482,000. 40.14% of the stock is currently owned by institutional investors and hedge funds.

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.

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