RBB Bancorp (NASDAQ:RBB – Get Free Report) announced its earnings results on Monday. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01, Briefing.com reports. RBB Bancorp had a return on equity of 6.94% and a net margin of 16.38%. During the same quarter in the previous year, the business earned $0.63 EPS.
RBB Bancorp Trading Down 3.0 %
Shares of NASDAQ RBB opened at $23.22 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. RBB Bancorp has a 12 month low of $11.15 and a 12 month high of $24.50. The company has a market cap of $413.55 million, a price-to-earnings ratio of 11.11 and a beta of 0.95. The business has a fifty day simple moving average of $22.68 and a 200-day simple moving average of $20.27.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Piper Sandler boosted their price objective on RBB Bancorp from $21.00 to $21.50 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Hovde Group reiterated a “market perform” rating and issued a $20.00 price target on shares of RBB Bancorp in a research report on Monday, July 15th. Finally, Stephens restated an “equal weight” rating and set a $20.00 price objective on shares of RBB Bancorp in a research report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.
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