RBB Bancorp (NASDAQ:RBB – Get Free Report) 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
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.
Get Our Latest Stock Report on RBB
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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