RBB Bancorp (NASDAQ:RBB) Releases Earnings Results

RBB Bancorp (NASDAQ:RBB) issued its quarterly earnings data on Monday. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01, Briefing.com reports. RBB Bancorp had a net margin of 16.38% and a return on equity of 6.94%. During the same period in the prior year, the company earned $0.63 earnings per share.

RBB Bancorp Stock Down 3.0 %

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

Analysts Set New Price Targets

A number of brokerages have weighed in on RBB. Hovde Group reiterated a “market perform” rating and issued a $20.00 price objective on shares of RBB Bancorp in a research report on Monday, July 15th. Piper Sandler upped their price objective on shares of RBB Bancorp from $21.00 to $21.50 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Stephens reiterated an “equal weight” rating and issued a $20.00 price objective on shares of RBB Bancorp in a research report on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.88.

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.