Brokerages predict that RBB Bancorp (NASDAQ:RBB) will announce $34.75 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for RBB Bancorp’s earnings, with the highest sales estimate coming in at $35.80 million and the lowest estimate coming in at $33.70 million. RBB Bancorp reported sales of $27.24 million in the same quarter last year, which indicates a positive year-over-year growth rate of 27.6%. The business is expected to announce its next quarterly earnings results after the market closes on Monday, July 26th.
According to Zacks, analysts expect that RBB Bancorp will report full year sales of $140.35 million for the current fiscal year, with estimates ranging from $139.10 million to $141.60 million. For the next fiscal year, analysts expect that the company will post sales of $144.10 million, with estimates ranging from $141.70 million to $146.50 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover RBB Bancorp.
RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Sunday, April 25th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. RBB Bancorp had a net margin of 24.77% and a return on equity of 9.10%. The company had revenue of $35.38 million during the quarter, compared to the consensus estimate of $32.10 million.
Shares of RBB traded down $0.34 during midday trading on Friday, reaching $23.38. The stock had a trading volume of 3 shares, compared to its average volume of 81,260. The company’s 50 day simple moving average is $23.87. RBB Bancorp has a one year low of $10.71 and a one year high of $25.74. The stock has a market cap of $457.55 million, a price-to-earnings ratio of 12.16 and a beta of 0.93. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.11.
The business also recently announced a quarterly dividend, which was paid on Friday, May 14th. Stockholders of record on Friday, May 7th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, May 6th. This is a boost from RBB Bancorp’s previous quarterly dividend of $0.12. RBB Bancorp’s dividend payout ratio (DPR) is currently 30.95%.
In other news, EVP David Richard Morris sold 9,687 shares of the firm’s stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $20.86, for a total transaction of $202,070.82. Following the completion of the sale, the executive vice president now owns 23,463 shares in the company, valued at approximately $489,438.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 21.51% of the company’s stock.
A number of institutional investors have recently modified their holdings of RBB. JPMorgan Chase & Co. raised its stake in RBB Bancorp by 142.6% in the 4th quarter. JPMorgan Chase & Co. now owns 134,465 shares of the company’s stock worth $2,068,000 after purchasing an additional 79,044 shares in the last quarter. BlackRock Inc. raised its stake in RBB Bancorp by 6.6% in the 1st quarter. BlackRock Inc. now owns 1,250,042 shares of the company’s stock worth $25,339,000 after purchasing an additional 77,822 shares in the last quarter. Boston Partners raised its position in shares of RBB Bancorp by 79.7% in the 1st quarter. Boston Partners now owns 149,342 shares of the company’s stock valued at $3,027,000 after buying an additional 66,247 shares in the last quarter. LSV Asset Management raised its position in shares of RBB Bancorp by 40.4% in the 1st quarter. LSV Asset Management now owns 187,000 shares of the company’s stock valued at $3,790,000 after buying an additional 53,851 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in shares of RBB Bancorp in the 1st quarter valued at approximately $776,000. Institutional investors and hedge funds own 32.92% 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, 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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