RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Thursday, January 23rd, Zacks reports. Investors of record on Friday, February 7th will be paid a dividend of 0.12 per share on Tuesday, February 18th. This represents a $0.48 annualized dividend and a yield of 2.37%. The ex-dividend date is Thursday, February 6th. This is a positive change from RBB Bancorp’s previous quarterly dividend of $0.10.
RBB Bancorp has a dividend payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect RBB Bancorp to earn $2.29 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 17.5%.
RBB traded up $0.24 during midday trading on Wednesday, hitting $20.23. The company had a trading volume of 288 shares, compared to its average volume of 21,223. RBB Bancorp has a twelve month low of $17.68 and a twelve month high of $22.95. The firm’s 50-day simple moving average is $20.69 and its 200-day simple moving average is $19.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.14. The company has a market capitalization of $392.80 million, a PE ratio of 10.44 and a beta of 1.15.
RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, January 27th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.03). The firm had revenue of $28.95 million for the quarter, compared to analyst estimates of $31.76 million. RBB Bancorp had a net margin of 24.50% and a return on equity of 10.10%. As a group, sell-side analysts anticipate that RBB Bancorp will post 2.01 EPS for the current fiscal year.
A number of brokerages recently issued reports on RBB. BidaskClub cut shares of RBB Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, January 11th. ValuEngine lowered shares of RBB Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Finally, Zacks Investment Research lowered shares of RBB Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. RBB Bancorp has an average rating of “Hold” and an average target price of $21.50.
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 communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.
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