RBB Bancorp (RBB) Announces Quarterly Dividend of $0.08

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Shareholders of record on Wednesday, January 31st will be paid a dividend of 0.08 per share on Thursday, February 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, January 30th.

Shares of RBB Bancorp (NASDAQ RBB) traded down $0.01 during trading hours on Friday, hitting $26.88. The company’s stock had a trading volume of 19,511 shares, compared to its average volume of 22,262. RBB Bancorp has a 12 month low of $21.26 and a 12 month high of $27.55. The firm has a market capitalization of $424.74 and a PE ratio of 16.39. The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.20.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, October 23rd. The company reported $0.39 earnings per share for the quarter. The company had revenue of $18.52 million during the quarter. equities analysts forecast that RBB Bancorp will post 1.84 earnings per share for the current fiscal year.

RBB has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $30.00 price target on shares of RBB Bancorp in a research report on Friday, December 22nd. Zacks Investment Research raised RBB Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Friday, November 17th.

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About RBB Bancorp

RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank.

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