RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Tuesday, September 18th, Wall Street Journal reports. Shareholders of record on Friday, September 28th will be paid a dividend of 0.09 per share on Tuesday, October 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, September 27th.

Shares of NASDAQ RBB traded up $0.05 during midday trading on Wednesday, hitting $26.15. 275 shares of the company’s stock were exchanged, compared to its average volume of 65,886. The company has a current ratio of 1.15, a quick ratio of 0.95 and a debt-to-equity ratio of 0.33. The company has a market cap of $440.91 million, a PE ratio of 14.41 and a beta of -0.04. RBB Bancorp has a twelve month low of $21.84 and a twelve month high of $33.62.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, July 23rd. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The business had revenue of $20.62 million during the quarter. RBB Bancorp had a return on equity of 11.69% and a net margin of 31.31%. sell-side analysts forecast that RBB Bancorp will post 2.28 earnings per share for the current fiscal year.

Separately, Zacks Investment Research downgraded RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th.

An institutional investor recently raised its position in RBB Bancorp stock. Bank of New York Mellon Corp increased its position in shares of RBB Bancorp (NASDAQ:RBB) by 63.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,708 shares of the company’s stock after purchasing an additional 20,796 shares during the period. Bank of New York Mellon Corp owned 0.32% of RBB Bancorp worth $1,725,000 at the end of the most recent quarter. 33.83% of the stock is currently owned by institutional investors.

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 communities. Its deposit products include checking, savings, and money market accounts; and certificates of deposits. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.

See Also: Intrinsic Value and Stock Selection

Dividend History for RBB Bancorp (NASDAQ:RBB)

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