RBB Bancorp (RBB) To Go Ex-Dividend on July 31st

RBB Bancorp (NASDAQ:RBBGet Free Report) declared a quarterly dividend on Friday, July 17th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.16 per share on Tuesday, August 11th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, July 31st.

RBB Bancorp has raised its dividend by an average of 0.1%per year over the last three years. RBB Bancorp has a dividend payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RBB Bancorp to earn $2.50 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 25.6%.

RBB Bancorp Price Performance

RBB Bancorp stock opened at $26.56 on Wednesday. The business’s fifty day moving average is $25.66 and its two-hundred day moving average is $23.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $449.93 million, a P/E ratio of 10.93 and a beta of 1.03. RBB Bancorp has a 52 week low of $16.74 and a 52 week high of $28.24.

RBB Bancorp (NASDAQ:RBBGet Free Report) last announced its earnings results on Monday, July 20th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $33.10 million during the quarter, compared to analyst estimates of $33.17 million. RBB Bancorp had a return on equity of 7.99% and a net margin of 17.26%. Equities research analysts forecast that RBB Bancorp will post 2.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RBB shares. Weiss Ratings raised shares of RBB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Zacks Research cut shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Stephens upped their price objective on RBB Bancorp from $26.00 to $29.00 and gave the stock a “positive” rating in a report on Thursday, July 23rd. Finally, Hovde Group raised RBB Bancorp from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $26.00 to $29.00 in a research note on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.50.

Check Out Our Latest Analysis on RBB Bancorp

About RBB Bancorp

(Get Free Report)

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.

See Also

Dividend History for RBB Bancorp (NASDAQ:RBB)

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