RBB Bancorp (NASDAQ:RBB – Get Free Report) declared a quarterly dividend on Thursday, April 18th, Zacks reports. Stockholders of record on Wednesday, May 1st will be given a dividend of 0.16 per share on Monday, May 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, April 30th.
RBB Bancorp has raised its dividend payment by an average of 24.7% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. RBB Bancorp has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RBB Bancorp to earn $1.72 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 37.2%.
RBB Bancorp Stock Performance
NASDAQ RBB opened at $17.83 on Friday. The stock has a market cap of $331.99 million, a PE ratio of 7.34 and a beta of 0.96. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. RBB Bancorp has a twelve month low of $8.62 and a twelve month high of $20.22. The stock has a fifty day simple moving average of $17.40 and a 200-day simple moving average of $16.49.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Stephens reiterated an “equal weight” rating and set a $19.00 price target on shares of RBB Bancorp in a report on Tuesday, January 23rd. TheStreet raised RBB Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods increased their target price on RBB Bancorp from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th.
View Our Latest Research Report on RBB
Insider Transactions at RBB Bancorp
In other RBB Bancorp news, Director James Kao bought 12,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were acquired at an average price of $18.05 per share, with a total value of $216,600.00. Following the transaction, the director now owns 460,376 shares of the company’s stock, valued at $8,309,786.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have acquired 35,977 shares of company stock valued at $624,060. Corporate insiders own 13.15% of the company’s stock.
Institutional Investors Weigh In On RBB Bancorp
Several hedge funds and other institutional investors have recently made changes to their positions in RBB. UBS Group AG purchased a new position in RBB Bancorp during the 3rd quarter worth approximately $26,000. Tower Research Capital LLC TRC grew its stake in RBB Bancorp by 169.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,726 shares of the company’s stock worth $26,000 after buying an additional 1,086 shares during the last quarter. FMR LLC grew its stake in RBB Bancorp by 281.2% during the 1st quarter. FMR LLC now owns 2,836 shares of the company’s stock worth $44,000 after buying an additional 2,092 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of RBB Bancorp by 17.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,774 shares of the company’s stock valued at $78,000 after purchasing an additional 552 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of RBB Bancorp by 396.6% in the 4th quarter. Barclays PLC now owns 3,928 shares of the company’s stock valued at $82,000 after purchasing an additional 3,137 shares during the last quarter. Institutional investors and hedge funds own 40.14% 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.
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