RBB Bancorp (NASDAQ:RBB) Plans Quarterly Dividend of $0.16

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Monday, April 20th. Stockholders of record on Thursday, April 30th will be paid a dividend of 0.16 per share on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, April 30th.

RBB Bancorp has increased its dividend payment by an average of 0.1%annually over the last three years. RBB Bancorp has a payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RBB Bancorp to earn $2.32 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 27.6%.

RBB Bancorp Stock Performance

Shares of NASDAQ RBB traded up $1.61 during mid-day trading on Tuesday, reaching $24.54. 37,115 shares of the company were exchanged, compared to its average volume of 63,865. The stock has a market capitalization of $418.81 million, a P/E ratio of 13.41 and a beta of 1.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The company’s 50-day simple moving average is $21.74 and its 200-day simple moving average is $20.75. RBB Bancorp has a twelve month low of $14.66 and a twelve month high of $24.73.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, April 20th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.21. The business had revenue of $34.75 million for the quarter, compared to analyst estimates of $32.38 million. RBB Bancorp had a net margin of 13.42% and a return on equity of 6.19%. As a group, research analysts predict that RBB Bancorp will post 2.07 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of RBB Bancorp in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Zacks Research lowered shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Four analysts have rated the stock with a Hold rating, According to MarketBeat, RBB Bancorp currently has a consensus rating of “Hold” and a consensus price target of $22.00.

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.