RBB Bancorp (NASDAQ:RBB) Posts Earnings Results, Beats Expectations By $0.01 EPS

RBB Bancorp (NASDAQ:RBB) announced its quarterly earnings results on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01, Briefing.com reports. RBB Bancorp had a net margin of 16.38% and a return on equity of 6.94%. During the same quarter in the prior year, the company posted $0.63 earnings per share.

RBB Bancorp Stock Performance

Shares of RBB stock opened at $23.22 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. RBB Bancorp has a 52 week low of $11.15 and a 52 week high of $24.50. The stock has a market capitalization of $413.55 million, a PE ratio of 11.11 and a beta of 0.95. The firm has a 50 day moving average of $22.68 and a two-hundred day moving average of $20.27.

Wall Street Analysts Forecast Growth

RBB has been the subject of a number of recent analyst reports. Hovde Group restated a “market perform” rating and set a $20.00 price target on shares of RBB Bancorp in a report on Monday, July 15th. Piper Sandler raised their price target on shares of RBB Bancorp from $21.00 to $21.50 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Stephens reiterated an “equal weight” rating and issued a $20.00 target price on shares of RBB Bancorp in a report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.88.

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.