RBB Bancorp (NASDAQ:RBB) Issues Earnings Results, Misses Estimates By $0.12 EPS

RBB Bancorp (NASDAQ:RBB) posted its earnings results on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.12), Zacks reports. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%.

RBB Bancorp Stock Performance

Shares of RBB opened at $18.68 on Wednesday. The company has a market capitalization of $330.47 million, a price-to-earnings ratio of 10.00 and a beta of 0.97. RBB Bancorp has a 52-week low of $16.49 and a 52-week high of $25.30. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average price of $21.12 and a 200 day moving average price of $22.23.

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, January 31st. RBB Bancorp’s payout ratio is 34.59%.

Insider Activity at RBB Bancorp

In other news, EVP Gary Fan sold 12,000 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.45, for a total value of $281,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Richard Morris sold 9,000 shares of RBB Bancorp stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total value of $224,010.00. Following the transaction, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at approximately $938,900.58. This represents a 19.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.63% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens reissued an “equal weight” rating and issued a $25.00 target price on shares of RBB Bancorp in a research report on Tuesday.

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.