RBB Bancorp (NASDAQ:RBB) Releases Earnings Results, Beats Expectations By $0.01 EPS

RBB Bancorp (NASDAQ:RBB) announced its quarterly earnings data on Monday. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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%. The company had revenue of $60.17 million for the quarter, compared to the consensus estimate of $28.17 million. During the same period in the prior year, the firm posted $0.63 EPS.

RBB Bancorp Price Performance

RBB traded up $0.20 during trading on Wednesday, reaching $23.00. 25,428 shares of the company traded hands, compared to its average volume of 51,589. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. RBB Bancorp has a 12-month low of $11.15 and a 12-month high of $24.50. The firm has a fifty day simple moving average of $22.71 and a 200 day simple moving average of $20.30. The company has a market cap of $409.63 million, a P/E ratio of 11.00 and a beta of 0.95.

RBB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, October 31st. RBB Bancorp’s dividend payout ratio (DPR) is currently 30.62%.

Analyst Upgrades and Downgrades

Several analysts recently commented on RBB shares. Piper Sandler increased their price objective on shares of RBB Bancorp from $21.00 to $21.50 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Hovde Group reiterated a “market perform” rating and issued a $20.00 price objective on shares of RBB Bancorp in a research note on Monday, July 15th. Finally, Stephens reiterated an “equal weight” rating and issued a $20.00 price objective on shares of RBB Bancorp in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently 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.