RBB Bancorp (NASDAQ:RBB) Declares $0.16 Quarterly Dividend

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.16 per share on Wednesday, February 12th. This represents a $0.64 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, January 31st.

RBB Bancorp has raised its dividend payment by an average of 7.9% annually over the last three years. RBB Bancorp has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RBB Bancorp to earn $1.66 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 38.6%.

RBB Bancorp Trading Up 0.1 %

RBB opened at $20.09 on Friday. RBB Bancorp has a 12-month low of $16.49 and a 12-month high of $25.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $355.39 million, a PE ratio of 10.86 and a beta of 0.98. The firm’s fifty day moving average price is $22.29 and its 200 day moving average price is $22.23.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, October 21st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $60.17 million during the quarter, compared to analyst estimates of $28.17 million. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. During the same quarter last year, the firm earned $0.63 EPS. As a group, research analysts expect that RBB Bancorp will post 1.57 EPS for the current fiscal year.

Insider Activity

In other RBB Bancorp news, CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total transaction of $224,010.00. Following the completion of the transaction, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at $938,900.58. The trade was a 19.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gary Fan sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.45, for a total transaction of $281,400.00. The disclosure for this sale can be found here. Company insiders own 6.63% of the company’s stock.

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.