RBB Bancorp Announces Quarterly Dividend of $0.16 (NASDAQ:RBB)

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Monday, October 21st, Zacks reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.16 per share on Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, October 31st.

RBB Bancorp has raised its dividend payment by an average of 24.7% per year over the last three years. RBB Bancorp has a payout ratio of 37.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RBB Bancorp to earn $1.70 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 37.6%.

RBB Bancorp Trading Down 1.8 %

NASDAQ RBB opened at $22.80 on Wednesday. The company has a market cap of $406.07 million, a PE ratio of 10.91 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. RBB Bancorp has a 12 month low of $11.15 and a 12 month high of $24.50. The stock has a 50 day moving average of $22.71 and a 200-day moving average of $20.30.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. RBB Bancorp had a return on equity of 6.94% and a net margin of 16.38%. The business had revenue of $60.17 million for the quarter, compared to analysts’ expectations of $28.17 million. During the same quarter in the prior year, the business earned $0.63 EPS. On average, equities research analysts anticipate that RBB Bancorp will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.