RBB Bancorp (NASDAQ:RBB – Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08, Briefing.com reports. RBB Bancorp had a return on equity of 8.36% and a net margin of 19.06%. During the same quarter in the prior year, the firm earned $0.58 EPS.
RBB Bancorp Trading Up 2.4 %
Shares of NASDAQ RBB opened at $18.26 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50 day moving average price is $17.40 and its 200-day moving average price is $16.58. RBB Bancorp has a fifty-two week low of $8.62 and a fifty-two week high of $20.22. The company has a market cap of $340.00 million, a price-to-earnings ratio of 7.51 and a beta of 0.96.
RBB Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Wednesday, May 1st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.50%. RBB Bancorp’s payout ratio is 26.34%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on RBB
Insider Transactions at RBB Bancorp
In other RBB Bancorp news, Director James Kao purchased 5,000 shares of RBB Bancorp stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average cost of $17.02 per share, for a total transaction of $85,100.00. Following the completion of the acquisition, the director now owns 485,376 shares in the company, valued at approximately $8,261,099.52. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have acquired 35,977 shares of company stock worth $624,060. 6.63% of the stock is currently owned by company 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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