RBB Bancorp (NASDAQ:RBB – Get Free Report) announced its earnings results on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05, Briefing.com reports. RBB Bancorp had a net margin of 16.38% and a return on equity of 6.95%. The company had revenue of $27.45 million for the quarter, compared to analyst estimates of $27.39 million. During the same period in the prior year, the business earned $0.58 earnings per share. RBB Bancorp’s quarterly revenue was down 20.2% on a year-over-year basis.
RBB Bancorp Stock Up 0.7 %
Shares of RBB stock traded up $0.16 during trading hours on Wednesday, hitting $22.51. 173,085 shares of the company were exchanged, compared to its average volume of 51,079. The business has a 50 day moving average of $18.70 and a two-hundred day moving average of $18.05. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.55. RBB Bancorp has a 52 week low of $11.15 and a 52 week high of $23.50. The company has a market capitalization of $415.08 million, a PE ratio of 10.16 and a beta of 0.97.
RBB Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, July 31st. RBB Bancorp’s dividend payout ratio is 28.07%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on RBB
Insider Transactions at RBB Bancorp
In other RBB Bancorp news, Director James Kao bought 7,000 shares of RBB Bancorp stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average price of $17.08 per share, for a total transaction of $119,560.00. Following the completion of the acquisition, the director now owns 548,511 shares of the company’s stock, valued at approximately $9,368,567.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.63% of the stock is owned by insiders.
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.
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