RBB Bancorp (NASDAQ:RBB) Issues Quarterly Earnings Results, Beats Expectations By $0.16 EPS

RBB Bancorp (NASDAQ:RBB) posted its earnings results on Monday. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.16, Zacks reports. RBB Bancorp had a net margin of 17.26% and a return on equity of 7.94%.

RBB Bancorp Stock Performance

RBB traded down $0.30 during trading on Monday, hitting $25.45. The company’s stock had a trading volume of 83,631 shares, compared to its average volume of 113,809. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.55. RBB Bancorp has a one year low of $16.98 and a one year high of $28.24. The firm has a market cap of $430.61 million, a PE ratio of 10.47 and a beta of 1.04. The business’s 50 day simple moving average is $26.45 and its 200-day simple moving average is $25.38.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RBB. Zacks Research cut RBB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings raised RBB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Finally, Stephens upped their price objective on RBB Bancorp from $26.00 to $29.00 and gave the company a “positive” rating in a research report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

RBB Bancorp Company Profile

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.