RBB Bancorp (NASDAQ:RBB) Shareholders to Receive $0.16 Quarterly Dividend

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Monday, October 19th. Investors of record on Friday, October 30th will be given a dividend of $0.16 per share on Thursday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 30th.

RBB Bancorp has increased its dividend payment by an average of 0.1% per year over the last three years. RBB Bancorp has a dividend payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect RBB Bancorp to earn $2.48 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 25.8%.

RBB Bancorp Stock Down 1.2%

NASDAQ:RBB opened at $25.45 on Tuesday. RBB Bancorp has a 1-year low of $16.98 and a 1-year high of $28.24. The company has a 50-day moving average of $26.43 and a 200 day moving average of $25.41. The firm has a market cap of $430.61 million, a PE ratio of 10.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.07 and a quick ratio of 1.07.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, October 19th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.16. The company had revenue of $36.87 million for the quarter, compared to analysts’ expectations of $34.43 million. RBB Bancorp had a net margin of 17.26% and a return on equity of 7.94%. As a group, research analysts anticipate that RBB Bancorp will post 2.39 EPS for the current fiscal year.

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.