RBB Bancorp (NASDAQ:RBB) Posts Earnings Results, Misses Estimates By $0.12 EPS

RBB Bancorp (NASDAQ:RBB) issued its earnings results on Monday. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.12), Zacks reports. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%.

RBB Bancorp Stock Performance

RBB traded down $0.28 during trading on Monday, hitting $18.53. 83,676 shares of the stock were exchanged, compared to its average volume of 54,427. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. RBB Bancorp has a 1-year low of $16.49 and a 1-year high of $25.30. The stock has a fifty day moving average price of $21.36 and a two-hundred day moving average price of $22.28. The firm has a market capitalization of $327.85 million, a P/E ratio of 10.02 and a beta of 0.98.

RBB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 31st will be given a $0.16 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.45%. RBB Bancorp’s dividend payout ratio (DPR) is presently 34.59%.

Insider Activity

In other RBB Bancorp news, CEO David Richard Morris sold 9,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the completion of the sale, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at approximately $938,900.58. This trade represents a 19.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary Fan sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.45, for a total value of $281,400.00. The disclosure for this sale can be found here. Corporate 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.