RBB Bancorp (RBB) Given $24.00 Average Target Price by Analysts
RBB Bancorp (NASDAQ:RBB) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price objective of $24.00 for the company, according to Zacks. Zacks has also given RBB Bancorp an industry rank of 215 out of 255 based on the ratings given to its competitors.
Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of RBB Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. ValuEngine lowered shares of RBB Bancorp from a “hold” rating to a “sell” rating in a report on Monday, February 4th.
NASDAQ:RBB opened at $18.57 on Friday. RBB Bancorp has a 52 week low of $17.03 and a 52 week high of $33.62. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.27 and a quick ratio of 1.06. The firm has a market cap of $372.70 million, a P/E ratio of 8.72 and a beta of 1.24.
RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, January 28th. The company reported $0.47 EPS for the quarter. RBB Bancorp had a net margin of 31.77% and a return on equity of 11.78%. The business had revenue of $31.07 million during the quarter. Equities research analysts expect that RBB Bancorp will post 2.17 EPS for the current fiscal year.
RBB Bancorp Company Profile
RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. Its deposit products include checking, savings, and money market accounts; and certificates of deposits. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.
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