RBB Bancorp (NASDAQ:RBB) Posts Earnings Results, Beats Estimates By $0.01 EPS

Posted by Caroline Horne on Oct 23rd, 2024

RBB Bancorp (NASDAQ:RBB – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01, Briefing.com reports. The business had revenue of $60.17 million during the quarter, compared to analyst estimates of $28.17 million. RBB Bancorp had a net margin of 16.38% and a return on equity of 6.94%. During the same period last year, the business earned $0.63 EPS.

RBB Bancorp Stock Down 1.8 %

RBB Bancorp stock opened at $22.80 on Wednesday. RBB Bancorp has a 52 week low of $11.15 and a 52 week high of $24.50. The stock has a market cap of $406.07 million, a price-to-earnings ratio of 10.91 and a beta of 0.95. The company’s 50-day moving average price is $22.71 and its two-hundred day moving average price is $20.30. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56.

Wall Street Analysts Forecast Growth

RBB has been the subject of a number of analyst reports. Piper Sandler increased their price target on RBB Bancorp from $21.00 to $21.50 and gave the company a “neutral” rating in a report on Thursday, July 25th. Hovde Group reiterated a “market perform” rating and set a $20.00 price objective on shares of RBB Bancorp in a research note on Monday, July 15th. Finally, Stephens restated an “equal weight” rating and issued a $20.00 target price on shares of RBB Bancorp in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.88.

Check Out Our Latest Report on RBB Bancorp

About RBB Bancorp

(Get Free Report)

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.