RBB Bancorp (RBB) to Issue Quarterly Dividend of $0.16 on May 13th

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

RBB Bancorp has increased its dividend payment by an average of 24.7% per year over the last three years and has raised its dividend every year for the last 3 years. RBB Bancorp has a payout ratio of 38.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.1 %

RBB opened at $18.06 on Friday. The stock has a market capitalization of $336.18 million, a P/E ratio of 7.92 and a beta of 0.96. RBB Bancorp has a 12 month low of $8.62 and a 12 month high of $20.22. The firm’s fifty day simple moving average is $17.43 and its 200 day simple moving average is $16.71. 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 (NASDAQ:RBB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. The business had revenue of $58.17 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.58 EPS. As a group, research analysts anticipate that RBB Bancorp will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RBB has been the topic of several research reports. Stephens reaffirmed an “equal weight” rating and issued a $20.00 price objective on shares of RBB Bancorp in a research report on Tuesday, April 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $22.00 price target (up from $20.00) on shares of RBB Bancorp in a research report on Thursday. Finally, Hovde Group started coverage on shares of RBB Bancorp in a research report on Monday, April 22nd. They set a “market perform” rating and a $19.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, RBB Bancorp has an average rating of “Hold” and a consensus target price of $18.50.

Insiders Place Their Bets

In other RBB Bancorp news, Director James Kao purchased 5,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were purchased at an average cost of $17.02 per share, with a total value of $85,100.00. Following the transaction, the director now directly owns 485,376 shares of the company’s stock, valued at approximately $8,261,099.52. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired 35,977 shares of company stock valued at $624,060 in the last three months. 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.