RBB Bancorp (NASDAQ:RBB) Issues Earnings Results

RBB Bancorp (NASDAQ:RBB) released its earnings results on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05, Briefing.com reports. RBB Bancorp had a net margin of 16.38% and a return on equity of 6.95%. The company had revenue of $27.45 million for the quarter, compared to the consensus estimate of $27.39 million. During the same quarter in the previous year, the company earned $0.58 EPS. RBB Bancorp’s quarterly revenue was down 20.2% compared to the same quarter last year.

RBB Bancorp Stock Up 0.3 %

NASDAQ:RBB traded up $0.06 on Wednesday, reaching $22.41. 196,243 shares of the stock traded hands, compared to its average volume of 51,243. The company has a market capitalization of $413.24 million, a price-to-earnings ratio of 10.16 and a beta of 0.97. RBB Bancorp has a 12 month low of $11.15 and a 12 month high of $23.50. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $18.70 and its 200 day simple moving average is $18.05.

RBB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Wednesday, July 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, July 31st. RBB Bancorp’s dividend payout ratio (DPR) is presently 28.07%.

Insider Activity at RBB Bancorp

In other news, Director James Kao purchased 7,000 shares of the stock in a transaction dated Friday, June 14th. The shares were purchased at an average cost of $17.08 per share, with a total value of $119,560.00. Following the acquisition, the director now directly owns 548,511 shares of the company’s stock, valued at $9,368,567.88. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.63% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on RBB. Stephens reissued an “equal weight” rating and set a $20.00 price target on shares of RBB Bancorp in a research report on Tuesday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $22.00 target price (up previously from $20.00) on shares of RBB Bancorp in a research report on Thursday, April 25th. Hovde Group reiterated a “market perform” rating and set a $20.00 price target on shares of RBB Bancorp in a research report on Monday, July 15th. Finally, Piper Sandler reissued a “neutral” rating and set a $21.00 price objective (up previously from $19.00) on shares of RBB Bancorp in a research note on Thursday, July 18th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.75.

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.