RBB Bancorp (NASDAQ:RBB) Declares $0.16 Quarterly Dividend

RBB Bancorp (NASDAQ:RBB) announced a quarterly dividend on Thursday, January 16th,RTT News reports. Investors of record on Friday, January 31st will be paid a dividend of 0.16 per share on Wednesday, February 12th. This represents a $0.64 annualized dividend and a yield of 3.19%.

RBB Bancorp has raised its dividend payment by an average of 7.9% annually over the last three years. RBB Bancorp has a dividend payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RBB Bancorp to earn $1.66 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 38.6%.

RBB Bancorp Stock Up 0.5 %

Shares of RBB traded up $0.09 on Thursday, hitting $20.06. 43,068 shares of the stock traded hands, compared to its average volume of 36,257. RBB Bancorp has a one year low of $16.49 and a one year high of $25.30. The company has a market capitalization of $354.86 million, a PE ratio of 10.84 and a beta of 0.98. The business has a 50 day simple moving average of $22.38 and a 200 day simple moving average of $22.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, October 21st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $60.17 million during the quarter, compared to analyst estimates of $28.17 million. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. During the same quarter last year, the company earned $0.63 EPS. As a group, equities analysts forecast that RBB Bancorp will post 1.57 earnings per share for the current fiscal year.

Insider Transactions at RBB Bancorp

In other news, EVP Gary Fan sold 12,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.45, for a total transaction of $281,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Richard Morris sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the completion of the transaction, the chief executive officer now directly owns 37,722 shares in the company, valued at approximately $938,900.58. The trade was a 19.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.63% of the company’s stock.

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.