RBB Bancorp (RBB) To Go Ex-Dividend on April 30th

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Thursday, April 18th, Zacks reports. Stockholders 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 3.59%. The ex-dividend date of this dividend 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 increased its dividend annually for the last 3 consecutive years. RBB Bancorp has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RBB Bancorp to earn $1.72 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 37.2%.

RBB Bancorp Stock Performance

NASDAQ RBB opened at $17.83 on Friday. The stock has a market cap of $331.99 million, a PE ratio of 7.34 and a beta of 0.96. 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 has a twelve month low of $8.62 and a twelve month high of $20.22. The stock has a fifty day simple moving average of $17.40 and a 200-day simple moving average of $16.49.

RBB Bancorp (NASDAQ:RBB) last released 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 business had revenue of $33.06 million during the quarter, compared to analysts’ expectations of $27.60 million. RBB Bancorp had a return on equity of 8.36% and a net margin of 19.06%. Equities analysts anticipate that RBB Bancorp will post 1.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at RBB Bancorp

In other RBB Bancorp news, Director James Kao bought 12,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were acquired at an average price of $18.05 per share, with a total value of $216,600.00. Following the transaction, the director now owns 460,376 shares of the company’s stock, valued at $8,309,786.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have acquired 35,977 shares of company stock valued at $624,060. Corporate insiders own 13.15% of the company’s stock.

Institutional Investors Weigh In On RBB Bancorp

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