RBB Bancorp (NASDAQ:RBB) Plans $0.16 Quarterly Dividend

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Wednesday, May 1st will be given a dividend of 0.16 per share on Monday, May 13th. This represents a $0.64 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Tuesday, April 30th.

RBB Bancorp has increased its dividend by an average of 24.7% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. RBB Bancorp has a dividend payout ratio of 37.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RBB Bancorp to earn $1.72 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 37.2%.

RBB Bancorp Trading Up 5.2 %

NASDAQ:RBB opened at $17.83 on Friday. The company has a market cap of $331.99 million, a P/E ratio of 7.34 and a beta of 0.96. The stock’s fifty day moving average price is $17.40 and its two-hundred day moving average price is $16.49. RBB Bancorp has a 1 year low of $8.62 and a 1 year high of $20.22. 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 (NASDAQ:RBB) last posted its earnings results on Monday, January 22nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. RBB Bancorp had a return on equity of 8.36% and a net margin of 19.06%. The firm had revenue of $33.06 million for the quarter, compared to the consensus estimate of $27.60 million. As a group, analysts expect that RBB Bancorp will post 1.47 EPS for the current year.

Insider Buying and Selling at RBB Bancorp

In related news, Director James Kao acquired 5,000 shares of RBB Bancorp stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average cost of $17.02 per share, with a total value of $85,100.00. Following the completion of the purchase, the director now owns 485,376 shares of the company’s stock, valued at $8,261,099.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have bought 35,977 shares of company stock worth $624,060 over the last 90 days. Corporate insiders own 13.15% of the company’s stock.

Institutional Trading of RBB Bancorp

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of RBB Bancorp by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 737,947 shares of the company’s stock valued at $14,051,000 after purchasing an additional 18,951 shares during the last quarter. Barclays PLC lifted its holdings in shares of RBB Bancorp by 737.9% during the 4th quarter. Barclays PLC now owns 22,792 shares of the company’s stock valued at $434,000 after buying an additional 20,072 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of RBB Bancorp by 31.3% during the 4th quarter. Nuveen Asset Management LLC now owns 55,237 shares of the company’s stock valued at $1,052,000 after buying an additional 13,168 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of RBB Bancorp by 3.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 109,201 shares of the company’s stock valued at $2,079,000 after buying an additional 3,840 shares during the period. Finally, Comerica Bank lifted its holdings in shares of RBB Bancorp by 4.3% during the 4th quarter. Comerica Bank now owns 34,844 shares of the company’s stock valued at $663,000 after buying an additional 1,426 shares during the period. 40.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stephens reiterated an “equal weight” rating and issued a $19.00 price objective on shares of RBB Bancorp in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods increased their price objective on RBB Bancorp from $18.00 to $20.00 and gave the stock 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.

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.