RBB Bancorp (NASDAQ:RBB – Get Free Report) announced its earnings results on Monday. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05, Briefing.com reports. RBB Bancorp had a net margin of 16.38% and a return on equity of 6.95%. The firm had revenue of $27.45 million for the quarter, compared to the consensus estimate of $27.39 million. During the same period in the prior year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was down 20.2% on a year-over-year basis.
RBB Bancorp Trading Down 0.0 %
Shares of RBB stock opened at $22.35 on Wednesday. The company has a market capitalization of $412.13 million, a price-to-earnings ratio of 9.80 and a beta of 0.97. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $18.70 and a 200 day moving average price of $18.05. RBB Bancorp has a twelve month low of $11.15 and a twelve month high of $23.08.
RBB Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Wednesday, July 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, July 31st. RBB Bancorp’s dividend payout ratio is presently 28.07%.
Wall Street Analyst Weigh In
Insiders Place Their Bets
In other RBB Bancorp news, Director James Kao acquired 7,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were acquired at an average price of $17.08 per share, for a total transaction of $119,560.00. Following the completion of the acquisition, the director now directly owns 548,511 shares of the company’s stock, valued at $9,368,567.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.63% of the stock is 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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