RBB Bancorp (NASDAQ:RBB) Posts Earnings Results, Misses Estimates By $0.12 EPS

RBB Bancorp (NASDAQ:RBB) released its quarterly earnings data on Monday. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12), Zacks reports. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%.

RBB Bancorp Trading Down 1.5 %

NASDAQ RBB traded down $0.28 during mid-day trading on Monday, hitting $18.53. The company’s stock had a trading volume of 83,676 shares, compared to its average volume of 54,427. The stock’s fifty day simple moving average is $21.36 and its two-hundred day simple moving average is $22.28. The firm has a market capitalization of $327.85 million, a P/E ratio of 10.02 and a beta of 0.98. RBB Bancorp has a 52-week low of $16.49 and a 52-week high of $25.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11.

RBB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, January 31st. RBB Bancorp’s dividend payout ratio (DPR) is 34.59%.

Insiders Place Their Bets

In other news, CEO David Richard Morris sold 9,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the completion of the sale, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at $938,900.58. This represents a 19.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Gary Fan sold 12,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.45, for a total transaction of $281,400.00. The disclosure for this sale can be found here. 6.63% of the stock is owned by company 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.