RBB Bancorp (NASDAQ:RBB) Issues Earnings Results

RBB Bancorp (NASDAQ:RBB) issued its quarterly earnings results on Monday. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01, Briefing.com reports. RBB Bancorp had a return on equity of 6.94% and a net margin of 16.38%. The business had revenue of $60.17 million during the quarter, compared to the consensus estimate of $28.17 million. During the same quarter last year, the company earned $0.63 earnings per share.

RBB Bancorp Stock Performance

Shares of NASDAQ RBB opened at $23.00 on Thursday. The company has a market capitalization of $409.63 million, a PE ratio of 11.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. The company’s fifty day moving average price is $22.74 and its 200 day moving average price is $20.32. RBB Bancorp has a 1 year low of $11.15 and a 1 year high of $24.50.

RBB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, October 31st. RBB Bancorp’s dividend payout ratio (DPR) is 30.62%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on RBB shares. Piper Sandler increased their price objective on shares of RBB Bancorp from $21.00 to $21.50 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Hovde Group reaffirmed a “market perform” rating and issued a $20.00 price objective on shares of RBB Bancorp in a report on Monday, July 15th. Finally, Stephens reissued an “equal weight” rating and set a $20.00 target price on shares of RBB Bancorp in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.88.

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.