RBB Bancorp (NASDAQ:RBB) to Issue Quarterly Dividend of $0.16

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Monday, January 26th. Shareholders of record on Friday, January 30th will be paid a dividend of 0.16 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, January 30th.

RBB Bancorp has raised its dividend 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. Research analysts expect RBB Bancorp to earn $1.92 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 33.3%.

RBB Bancorp Trading Down 0.4%

RBB stock traded down $0.08 during midday trading on Tuesday, hitting $21.35. 1,085 shares of the company’s stock were exchanged, compared to its average volume of 52,706. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s fifty day moving average price is $21.03 and its 200-day moving average price is $19.70. RBB Bancorp has a one year low of $14.40 and a one year high of $22.58. The company has a market cap of $363.93 million, a PE ratio of 14.33 and a beta of 1.08.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, January 26th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The firm had revenue of $32.32 million during the quarter, compared to analyst estimates of $33.23 million. RBB Bancorp had a net margin of 11.12% and a return on equity of 5.10%. Research analysts predict that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Keefe, Bruyette & Woods raised their price objective on RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, October 22nd. Piper Sandler boosted their price objective on RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of RBB Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of RBB Bancorp in a report on Friday, October 31st. Five analysts have rated the stock with a Hold rating, According to MarketBeat, RBB Bancorp currently has a consensus rating of “Hold” and an average target price of $22.33.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.