RBB Bancorp (NASDAQ:RBB – Get Free Report) declared a quarterly dividend on Friday, October 16th. Stockholders of record on Friday, October 30th will be given a dividend of $0.16 per share on Thursday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, October 30th.
RBB Bancorp has raised its dividend by an average of 0.1% annually over the last three years. RBB Bancorp has a dividend payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RBB Bancorp to earn $2.48 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 25.8%.
RBB Bancorp Trading Down 0.5%
NASDAQ:RBB opened at $26.18 on Wednesday. RBB Bancorp has a fifty-two week low of $18.20 and a fifty-two week high of $28.24. The business’s 50-day simple moving average is $26.31 and its 200-day simple moving average is $24.33.
RBB Bancorp (NASDAQ:RBB – Get Free Report) last issued its quarterly earnings results on Monday, October 19th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.58 by $0.16. The business had revenue of $36.87 million for the quarter, compared to the consensus estimate of $34.43 million. As a group, sell-side analysts anticipate that RBB Bancorp will post 2.44 EPS for the current year.
RBB Bancorp Company Profile
RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides banking services to businesses, professionals and individuals, with an emphasis on serving small and middle-market companies and communities that are often connected to Asian-American and immigrant-owned businesses.
Royal Business Bank offers commercial and industrial loans, commercial real estate financing, small business and Small Business Administration lending, residential mortgage loans, construction financing and consumer loans.
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