RBB Bancorp (NASDAQ:RBB) Posts Quarterly Earnings Results

RBB Bancorp (NASDAQ:RBB) issued its earnings results on Monday. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.16, Zacks reports. RBB Bancorp had a return on equity of 7.94% and a net margin of 17.26%. The firm had revenue of $36.87 million for the quarter, compared to analyst estimates of $34.43 million.

RBB Bancorp Stock Down 1.2%

RBB Bancorp stock opened at $25.45 on Tuesday. The firm has a 50 day simple moving average of $26.43 and a 200 day simple moving average of $25.41. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55. RBB Bancorp has a 1-year low of $16.98 and a 1-year high of $28.24. The firm has a market capitalization of $430.61 million, a price-to-earnings ratio of 10.60 and a beta of 1.04.

RBB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Friday, October 30th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.64 annualized dividend and a yield of 2.5%. RBB Bancorp’s dividend payout ratio (DPR) is 26.34%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of RBB Bancorp in a research note on Monday. Stephens boosted their price objective on RBB Bancorp from $26.00 to $29.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Finally, Zacks Research cut RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, RBB Bancorp has a consensus rating of “Moderate Buy” and an average target price of $25.50.

About RBB Bancorp

RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides commercial banking and financial services to businesses, professionals and individuals, with a focus on serving small and mid-sized companies and the communities in which they operate.

Royal Business Bank offers business and consumer deposit accounts, certificates of deposit, cash-management services, online banking and other treasury-management solutions.