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

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Monday, July 20th. Stockholders of record on Friday, July 31st will be given a dividend of 0.16 per share on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, July 31st.

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% meaning its dividend is sufficiently covered by earnings. Analysts expect RBB Bancorp to earn $2.51 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 25.5%.

RBB Bancorp Price Performance

NASDAQ:RBB opened at $26.74 on Tuesday. RBB Bancorp has a one year low of $16.74 and a one year high of $28.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $452.98 million, a PE ratio of 11.33 and a beta of 1.03. The stock has a 50 day moving average price of $25.28 and a 200 day moving average price of $23.10.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Monday, July 20th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The firm had revenue of $33.10 million for the quarter, compared to the consensus estimate of $33.17 million. RBB Bancorp had a return on equity of 7.85% and a net margin of 16.76%. Equities research analysts expect that RBB Bancorp will post 2.36 EPS for the current fiscal year.

RBB Bancorp announced that its Board of Directors has initiated a share repurchase program on Monday, June 15th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.