RBB Bancorp (NASDAQ:RBB) Announces $0.16 Quarterly Dividend

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Investors 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 dividend on an annualized basis 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% annually over the last three years and has raised its dividend every year for the last 3 years. RBB Bancorp has a dividend payout ratio of 38.3% indicating that 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 company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09. The company’s 50 day simple moving average is $17.43 and its 200 day simple moving average is $16.74. RBB Bancorp has a 12 month low of $8.62 and a 12 month 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 released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. The business had revenue of $58.17 million for the quarter, compared to analyst estimates of $27.40 million. During the same quarter in the previous year, the business earned $0.58 earnings per share. Equities research analysts expect that RBB Bancorp will post 1.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director James Kao purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average cost of $17.02 per share, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 35,977 shares of company stock worth $624,060 in the last ninety days. Insiders own 6.63% of the company’s stock.

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.