RBB Bancorp (NASDAQ:RBB – Get Free Report) announced its earnings results on Monday. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05, Briefing.com reports. RBB Bancorp had a return on equity of 6.95% and a net margin of 16.38%. The firm had revenue of $27.45 million during the quarter, compared to analysts’ expectations of $27.39 million. During the same quarter in the previous year, the business earned $0.58 EPS. The company’s quarterly revenue was down 20.2% on a year-over-year basis.
RBB Bancorp Price Performance
Shares of NASDAQ:RBB traded up $0.39 during midday trading on Thursday, hitting $22.80. The company had a trading volume of 3,036 shares, compared to its average volume of 50,903. RBB Bancorp has a twelve month low of $11.15 and a twelve month high of $23.50. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.08. The stock has a market cap of $420.43 million, a price-to-earnings ratio of 9.83 and a beta of 0.97. The business’s 50-day simple moving average is $18.70 and its 200-day simple moving average is $18.05.
RBB Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Wednesday, July 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.64 annualized dividend and a dividend yield of 2.81%. RBB Bancorp’s dividend payout ratio is presently 28.07%.
Insiders Place Their Bets
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on RBB shares. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $22.00 price objective (up from $20.00) on shares of RBB Bancorp in a report on Thursday, April 25th. Hovde Group reissued a “market perform” rating and issued a $20.00 price objective on shares of RBB Bancorp in a report on Monday, July 15th. Stephens restated an “equal weight” rating and issued a $20.00 target price on shares of RBB Bancorp in a research note on Tuesday. Finally, Piper Sandler upped their target price on RBB Bancorp from $21.00 to $21.50 and gave the stock a “neutral” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, According to MarketBeat, RBB Bancorp has a consensus rating of “Hold” and a consensus price target of $20.88.
View Our Latest Research Report on RBB
RBB Bancorp Company Profile
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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