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

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Monday, October 19th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.16 per share on Thursday, November 12th. This represents a $0.64 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 30th.

RBB Bancorp has raised its dividend payment by an average of 0.1% per year over the last three years. RBB Bancorp has a payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Research 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 1.2%

Shares of NASDAQ RBB opened at $25.45 on Tuesday. RBB Bancorp has a 1-year low of $16.98 and a 1-year high of $28.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50 day moving average is $26.43 and its two-hundred day moving average is $25.41. The stock has a market capitalization of $430.61 million, a P/E ratio of 10.60 and a beta of 1.04.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Monday, October 19th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.16. The business had revenue of $36.87 million during the quarter, compared to analyst estimates of $34.43 million. RBB Bancorp had a return on equity of 7.94% and a net margin of 17.26%. As a group, research analysts expect that RBB Bancorp will post 2.39 EPS for the current year.

About RBB Bancorp

RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides commercial banking and financial services to businesses, professionals and individuals, with a focus on serving small and mid-sized companies and the communities in which they operate.

Royal Business Bank offers business and consumer deposit accounts, certificates of deposit, cash-management services, online banking and other treasury-management solutions.