RBB Bancorp to Issue Quarterly Dividend of $0.16 (NASDAQ:RBB)

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

RBB Bancorp has raised its dividend payment by an average of 24.7% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. RBB Bancorp has a payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Equities research 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 %

NASDAQ RBB opened at $18.06 on Monday. The stock’s 50-day moving average price is $17.43 and its 200-day moving average price is $16.74. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. RBB Bancorp has a 52 week low of $8.62 and a 52 week high of $20.22. The company has a market capitalization of $336.28 million, a P/E ratio of 7.92 and a beta of 0.96.

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

Analyst Upgrades and Downgrades

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

Insider Activity

In other RBB Bancorp news, Director James Kao acquired 12,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were bought at an average price of $18.05 per share, with a total value of $216,600.00. Following the transaction, the director now directly owns 460,376 shares of the company’s stock, valued at approximately $8,309,786.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In 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 insiders.

About RBB Bancorp

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.