RBB Bancorp (NASDAQ:RBB) Posts Earnings Results, Beats Expectations By $0.08 EPS

RBB Bancorp (NASDAQ:RBB) issued its quarterly earnings results on Monday. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08, Briefing.com reports. RBB Bancorp had a return on equity of 8.36% and a net margin of 19.06%. During the same period last year, the firm earned $0.58 EPS.

RBB Bancorp Stock Performance

NASDAQ RBB opened at $18.26 on Tuesday. The stock’s fifty day moving average is $17.40 and its two-hundred day moving average is $16.58. The firm has a market capitalization of $340.00 million, a P/E ratio of 7.51 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. RBB Bancorp has a fifty-two week low of $8.62 and a fifty-two week high of $20.22.

RBB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Tuesday, April 30th. RBB Bancorp’s dividend payout ratio (DPR) is currently 26.34%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RBB shares. Hovde Group started coverage on RBB Bancorp in a research note on Monday. They issued a “market perform” rating and a $19.00 price target on the stock. Stephens reaffirmed an “equal weight” rating and issued a $19.00 price target on shares of RBB Bancorp in a research note 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 lifted their price target 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. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.75.

Insiders Place Their Bets

In related news, Director James Kao acquired 5,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were bought at an average price of $17.02 per share, with a total value of $85,100.00. Following the completion of the purchase, the director now owns 485,376 shares of the company’s stock, valued at approximately $8,261,099.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have purchased 35,977 shares of company stock valued at $624,060. 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.