RBB Bancorp (NASDAQ:RBB) Issues Earnings Results, Misses Estimates By $0.25 EPS

RBB Bancorp (NASDAQ:RBB) posted its earnings results on Monday. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.25), Zacks reports. RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. The business had revenue of $28.46 million for the quarter, compared to analyst estimates of $28.98 million.

RBB Bancorp Trading Down 1.1 %

RBB Bancorp stock opened at $15.65 on Tuesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. RBB Bancorp has a 1 year low of $14.40 and a 1 year high of $25.30. The firm’s 50-day moving average is $16.45 and its 200-day moving average is $19.82. The company has a market cap of $277.62 million, a P/E ratio of 10.72 and a beta of 0.89.

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.09%. RBB Bancorp’s dividend payout ratio (DPR) is 43.84%.

Insider Activity at RBB Bancorp

In other news, Director James Kao purchased 3,352 shares of RBB Bancorp stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $17.31 per share, with a total value of $58,023.12. Following the completion of the acquisition, the director now owns 551,863 shares in the company, valued at $9,552,748.53. The trade was a 0.61 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 9,924 shares of company stock valued at $171,398 in the last quarter. Insiders own 4.56% of the company’s stock.

Analyst Upgrades and Downgrades

RBB has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price on RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Stephens lowered their target price on RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler cut their price target on RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th.

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.