RBB Bancorp (RBB) to Release Quarterly Earnings on Monday

RBB Bancorp (NASDAQ:RBB) will announce its earnings results after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, January 22nd. 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 $33.06 million for the quarter, compared to analyst estimates of $27.60 million. RBB Bancorp had a net margin of 19.06% and a return on equity of 8.36%. On average, analysts expect RBB Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RBB Bancorp Stock Performance

RBB opened at $17.83 on Friday. The firm has a market capitalization of $332.03 million, a PE ratio of 7.34 and a beta of 0.96. RBB Bancorp has a twelve month low of $8.62 and a twelve month high of $20.22. The firm’s 50-day moving average price is $17.40 and its 200 day moving average price is $16.52. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56.

RBB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Wednesday, May 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 3.59%. RBB Bancorp’s payout ratio is presently 26.34%.

Insider Buying and Selling at RBB Bancorp

In other news, Director James Kao bought 12,000 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were bought at an average cost of $18.05 per share, for a total transaction of $216,600.00. Following the acquisition, the director now directly owns 460,376 shares of the company’s stock, valued at approximately $8,309,786.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 35,977 shares of company stock worth $624,060 in the last ninety days. 13.15% of the stock is owned by insiders.

Institutional Investors Weigh In On RBB Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG purchased a new stake in shares of RBB Bancorp in the 3rd quarter valued at approximately $26,000. Tower Research Capital LLC TRC raised its stake in shares of RBB Bancorp by 169.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,726 shares of the company’s stock valued at $26,000 after acquiring an additional 1,086 shares during the period. FMR LLC increased its stake in RBB Bancorp by 281.2% during the 1st quarter. FMR LLC now owns 2,836 shares of the company’s stock worth $44,000 after buying an additional 2,092 shares during the period. BNP Paribas Arbitrage SA increased its stake in RBB Bancorp by 17.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,774 shares of the company’s stock worth $78,000 after buying an additional 552 shares during the period. Finally, Barclays PLC increased its stake in RBB Bancorp by 396.6% during the 4th quarter. Barclays PLC now owns 3,928 shares of the company’s stock worth $82,000 after buying an additional 3,137 shares during the period. 40.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RBB. Stephens restated an “equal weight” rating and set a $19.00 price target on shares of RBB Bancorp in a research report on Tuesday, January 23rd. TheStreet upgraded shares of RBB Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of RBB Bancorp from $18.00 to $20.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th.

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.