RBB Bancorp (NASDAQ:RBB) Posts Quarterly Earnings Results

RBB Bancorp (NASDAQ:RBB) issued its earnings results on Monday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02, Fidelity Earnings reports. The firm had revenue of $26.31 million for the quarter, compared to analyst estimates of $27.01 million. RBB Bancorp had a return on equity of 9.90% and a net margin of 23.88%.

Shares of NASDAQ:RBB traded down $0.14 during midday trading on Thursday, reaching $20.96. 1,877 shares of the company traded hands, compared to its average volume of 61,175. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. RBB Bancorp has a 12 month low of $17.03 and a 12 month high of $22.95. The firm has a market capitalization of $406.02 million, a price-to-earnings ratio of 9.84 and a beta of 1.14. The firm’s fifty day moving average price is $19.62 and its two-hundred day moving average price is $19.27.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.91%. RBB Bancorp’s payout ratio is 18.78%.

Several analysts have issued reports on the company. Keefe, Bruyette & Woods set a $21.00 target price on RBB Bancorp and gave the company a “hold” rating in a research note on Wednesday, September 18th. ValuEngine upgraded RBB Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub lowered RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Zacks Investment Research upgraded RBB Bancorp from a “hold” rating to a “strong-buy” rating and set a $23.00 target price on the stock in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.50.

In related news, Director Peter M. Chang acquired 115,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were bought at an average cost of $20.00 per share, for a total transaction of $2,300,000.00. Insiders own 23.92% of the company’s stock.

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 communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.

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Earnings History for RBB Bancorp (NASDAQ:RBB)

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