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

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Monday, October 21st, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.16 per share on Tuesday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, October 31st.

RBB Bancorp has increased its dividend payment by an average of 24.7% per year over the last three years. RBB Bancorp has a payout ratio of 37.6% meaning its dividend is sufficiently covered by earnings. Analysts expect RBB Bancorp to earn $1.70 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 37.6%.

RBB Bancorp Stock Down 0.8 %

Shares of RBB Bancorp stock traded down $0.18 on Wednesday, hitting $22.62. The company had a trading volume of 18 shares, compared to its average volume of 51,465. The stock has a market capitalization of $402.86 million, a price-to-earnings ratio of 10.91 and a beta of 0.95. RBB Bancorp has a 1 year low of $11.15 and a 1 year high of $24.50. The stock has a 50 day moving average of $22.71 and a 200-day moving average of $20.30. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $60.17 million during the quarter, compared to the consensus estimate of $28.17 million. RBB Bancorp had a return on equity of 6.94% and a net margin of 16.38%. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, sell-side analysts forecast that RBB Bancorp will post 1.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on RBB shares. Hovde Group reaffirmed a “market perform” rating and set a $20.00 price target on shares of RBB Bancorp in a research report on Monday, July 15th. Stephens reaffirmed an “equal weight” rating and set a $20.00 price target on shares of RBB Bancorp in a research report on Tuesday, July 23rd. Finally, Piper Sandler increased their price target on RBB Bancorp from $21.00 to $21.50 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.88.

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.