RBB Bancorp (NASDAQ:RBB) Releases Earnings Results, Beats Estimates By $0.05 EPS

RBB Bancorp (NASDAQ:RBB) 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

In other RBB Bancorp news, Director James Kao bought 7,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was bought at an average price of $17.08 per share, with a total value of $119,560.00. Following the completion of the purchase, the director now directly owns 548,511 shares in the company, valued at $9,368,567.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.63% of the stock is owned by insiders.

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.

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.