RBB Bancorp (NASDAQ:RBB) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

RBB Bancorp (NASDAQ:RBB) announced its quarterly earnings data on Tuesday. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08, Briefing.com reports. The business had revenue of $58.17 million for the quarter, compared to analyst estimates of $27.40 million. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. During the same period in the prior year, the firm posted $0.58 EPS.

RBB Bancorp Stock Up 1.4 %

NASDAQ:RBB traded up $0.25 during trading hours on Wednesday, hitting $18.50. The stock had a trading volume of 55,897 shares, compared to its average volume of 40,894. 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 1-year low of $8.62 and a 1-year high of $20.22. The business has a 50 day simple moving average of $17.42 and a two-hundred day simple moving average of $16.62. The company has a market cap of $344.47 million, a PE ratio of 8.11 and a beta of 0.96.

RBB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Wednesday, May 1st will be issued a $0.16 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.64 annualized dividend and a yield of 3.46%. RBB Bancorp’s payout ratio is 28.07%.

Insider Buying and Selling at RBB Bancorp

In other news, Director James Kao acquired 2,000 shares of the stock in a transaction on Thursday, February 29th. The stock was bought at an average price of $16.98 per share, with a total value of $33,960.00. Following the completion of the transaction, the director now directly owns 510,376 shares of the company’s stock, valued at $8,666,184.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought 35,977 shares of company stock valued at $624,060 over the last 90 days. 6.63% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

RBB has been the topic of several recent analyst reports. Stephens reiterated an “equal weight” rating and set a $20.00 price objective on shares of RBB Bancorp in a report on Tuesday. Keefe, Bruyette & Woods raised their price target on shares of RBB Bancorp from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. TheStreet upgraded shares of RBB Bancorp from a “c+” rating to a “b-” rating in a report on Wednesday, December 27th. Finally, Hovde Group assumed coverage on shares of RBB Bancorp in a report on Monday. They issued a “market perform” rating and a $19.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, RBB Bancorp presently has an average rating of “Hold” and an average price target of $18.00.

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.