RBB Bancorp (NASDAQ:RBB – Get Free Report) announced a quarterly dividend on Monday, October 19th. Investors of record on Friday, October 30th will be given a dividend of $0.16 per share on Thursday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 30th.
RBB Bancorp has increased 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. Research analysts expect RBB Bancorp to earn $2.48 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 25.8%.
RBB Bancorp Stock Performance
Shares of RBB stock opened at $26.39 on Tuesday. The stock has a fifty day moving average price of $26.43 and a 200 day moving average price of $25.41. The stock has a market cap of $446.43 million, a PE ratio of 10.86 and a beta of 1.04. RBB Bancorp has a 1 year low of $18.20 and a 1 year high of $28.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.07.
RBB Bancorp (NASDAQ:RBB – Get Free Report) last posted its earnings results on Monday, October 19th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.16. The company had revenue of $36.87 million for the quarter, compared to the consensus estimate of $34.43 million. RBB Bancorp had a return on equity of 7.94% and a net margin of 17.26%. Sell-side analysts forecast that RBB Bancorp will post 2.39 earnings per share for the current fiscal year.
About RBB Bancorp
RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides commercial banking and financial services to businesses, professionals and individuals, with a focus on serving small and mid-sized companies and the communities in which they operate.
Royal Business Bank offers business and consumer deposit accounts, certificates of deposit, cash-management services, online banking and other treasury-management solutions.
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