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

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Monday, January 26th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.16 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, January 30th.

RBB Bancorp has raised its dividend by an average of 0.1%annually over the last three years. RBB Bancorp has a payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RBB Bancorp to earn $1.92 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 33.3%.

RBB Bancorp Trading Up 0.7%

NASDAQ RBB opened at $21.57 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $367.77 million, a P/E ratio of 14.48 and a beta of 1.08. RBB Bancorp has a 52-week low of $14.40 and a 52-week high of $22.58. The firm has a 50-day moving average price of $21.03 and a 200 day moving average price of $19.70.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Monday, January 26th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. RBB Bancorp had a return on equity of 5.10% and a net margin of 11.12%.The company had revenue of $32.32 million for the quarter, compared to analyst estimates of $33.23 million. Equities research analysts expect that RBB Bancorp will post 1.63 EPS for the current year.

Analyst Ratings Changes

RBB has been the topic of a number of recent analyst reports. Zacks Research lowered RBB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Keefe, Bruyette & Woods upped their price target on shares of RBB Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded shares of RBB Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Piper Sandler raised their price objective on shares of RBB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of RBB Bancorp in a report on Friday, October 31st. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.33.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.