RBB Bancorp (NASDAQ:RBB – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08, Briefing.com reports. The firm had revenue of $58.17 million for the quarter, compared to the consensus estimate of $27.40 million. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. During the same period last year, the firm earned $0.58 EPS.
RBB Bancorp Trading Up 1.4 %
RBB Bancorp stock traded up $0.25 during trading hours on Wednesday, hitting $18.50. The company had a trading volume of 55,897 shares, compared to its average volume of 40,894. The firm has a market cap of $344.47 million, a P/E ratio of 8.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. RBB Bancorp has a 1 year low of $8.62 and a 1 year high of $20.22. The company has a 50-day moving average price of $17.42 and a two-hundred day moving average price of $16.62.
RBB Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Wednesday, May 1st will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.64 annualized dividend and a yield of 3.46%. RBB Bancorp’s dividend payout ratio (DPR) is 28.07%.
Wall Street Analyst Weigh In
View Our Latest Analysis on RBB Bancorp
Insider Activity
In other RBB Bancorp news, Director James Kao purchased 5,000 shares of RBB Bancorp stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average price of $17.02 per share, for a total transaction of $85,100.00. Following the acquisition, the director now owns 485,376 shares in the company, valued at approximately $8,261,099.52. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders acquired 35,977 shares of company stock worth $624,060. 6.63% of the stock is currently owned by corporate 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.
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