RBB Bancorp (NASDAQ:RBB) to Issue Quarterly Dividend of $0.16

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Investors of record on Friday, January 31st will be given a dividend of 0.16 per share on Wednesday, February 12th. This represents a $0.64 annualized dividend and a yield of 3.19%.

RBB Bancorp has increased its dividend payment by an average of 7.9% annually over the last three years. RBB Bancorp has a dividend payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Analysts expect RBB Bancorp to earn $1.66 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 38.6%.

RBB Bancorp Price Performance

NASDAQ:RBB traded up $0.09 during trading hours on Thursday, hitting $20.06. 43,068 shares of the stock traded hands, compared to its average volume of 36,257. The company has a market cap of $354.86 million, a price-to-earnings ratio of 10.84 and a beta of 0.98. RBB Bancorp has a 1 year low of $16.49 and a 1 year high of $25.30. The stock has a 50 day moving average price of $22.38 and a 200 day moving average price of $22.22. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $60.17 million during the quarter, compared to the consensus estimate of $28.17 million. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. During the same quarter in the prior year, the firm posted $0.63 EPS. Sell-side analysts forecast that RBB Bancorp will post 1.57 EPS for the current fiscal year.

Insider Transactions at RBB Bancorp

In other news, EVP Gary Fan sold 12,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.45, for a total value of $281,400.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Richard Morris sold 9,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total transaction of $224,010.00. Following the transaction, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at $938,900.58. The trade was a 19.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.