RBB Bancorp (NASDAQ:RBB) Releases Earnings Results, Beats Expectations By $0.08 EPS

RBB Bancorp (NASDAQ:RBB) released its earnings results on Tuesday. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08, Briefing.com reports. RBB Bancorp had a return on equity of 7.74% and a net margin of 17.69%. The firm had revenue of $58.17 million during the quarter, compared to the consensus estimate of $27.40 million. During the same quarter in the previous year, the company posted $0.58 earnings per share.

RBB Bancorp Stock Up 1.4 %

RBB Bancorp stock opened at $18.50 on Thursday. The stock has a market capitalization of $344.47 million, a PE ratio of 8.11 and a beta of 0.96. RBB Bancorp has a 12 month low of $8.62 and a 12 month high of $20.22. The business has a 50 day simple moving average of $17.42 and a 200-day simple moving average of $16.62. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09.

RBB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Wednesday, May 1st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, April 30th. RBB Bancorp’s dividend payout ratio (DPR) is presently 28.07%.

Insider Activity

In other RBB Bancorp news, Director James Kao acquired 12,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was acquired at an average cost of $18.05 per share, for a total transaction of $216,600.00. Following the completion of the transaction, the director now directly owns 460,376 shares of the company’s stock, valued at $8,309,786.80. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired 35,977 shares of company stock worth $624,060 over the last three months. 6.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RBB. Stephens reiterated an “equal weight” rating and set a $20.00 price target on shares of RBB Bancorp in a research report on Tuesday. Hovde Group began coverage on RBB Bancorp in a research report on Monday. They set a “market perform” rating and a $19.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on RBB Bancorp from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Finally, TheStreet upgraded RBB Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, RBB Bancorp has an average rating of “Hold” and a consensus target price of $18.00.

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.