RBB Bancorp (NASDAQ:RBB) Announces Earnings Results

RBB Bancorp (NASDAQ:RBB) released its earnings results on Monday. The company reported $0.39 earnings per share for the quarter, beating 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 firm posted $0.63 EPS.

RBB Bancorp Price Performance

NASDAQ RBB opened at $23.22 on Tuesday. The stock has a market capitalization of $413.55 million, a PE ratio of 11.11 and a beta of 0.95. The stock has a 50-day simple moving average of $22.68 and a 200 day simple moving average of $20.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. RBB Bancorp has a twelve month low of $11.15 and a twelve month high of $24.50.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Piper Sandler upped their price objective on shares of RBB Bancorp from $21.00 to $21.50 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Hovde Group reissued a “market perform” rating and set a $20.00 price objective on shares of RBB Bancorp in a research report on Monday, July 15th. Finally, Stephens restated an “equal weight” rating and issued a $20.00 target price on shares of RBB Bancorp in a research note on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.