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

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Wednesday, May 1st will be paid a dividend of 0.16 per share on Monday, May 13th. This represents a $0.64 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Tuesday, April 30th.

RBB Bancorp has increased its dividend by an average of 24.7% annually over the last three years and has increased its dividend every year for the last 3 years. RBB Bancorp has a payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RBB Bancorp to earn $1.71 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 37.4%.

RBB Bancorp Stock Down 0.1 %

Shares of NASDAQ RBB opened at $18.06 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $336.28 million, a PE ratio of 7.92 and a beta of 0.96. The stock’s fifty day simple moving average is $17.43 and its two-hundred day simple moving average is $16.74. RBB Bancorp has a 12-month low of $8.62 and a 12-month high of $20.22.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $58.17 million during the quarter, compared to analysts’ expectations of $27.40 million. RBB Bancorp had a return on equity of 7.74% and a net margin of 17.69%. During the same quarter last year, the firm earned $0.58 EPS. As a group, analysts expect that RBB Bancorp will post 1.49 EPS for the current fiscal year.

Insider Transactions at RBB Bancorp

In related news, Director James Kao acquired 12,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were acquired at an average price of $18.05 per share, with a total value of $216,600.00. Following the completion of the transaction, the director now owns 460,376 shares of the company’s stock, valued at $8,309,786.80. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have purchased 35,977 shares of company stock valued at $624,060. 6.63% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

RBB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $22.00 target price (up previously from $20.00) on shares of RBB Bancorp in a research note on Thursday. Hovde Group initiated coverage on RBB Bancorp in a report on Monday, April 22nd. They issued a “market perform” rating and a $19.00 price objective on the stock. Finally, Stephens reiterated an “equal weight” rating and issued a $20.00 price objective on shares of RBB Bancorp in a report on Tuesday, April 23rd. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, RBB Bancorp currently has an average rating of “Hold” and an average price target of $18.50.

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.