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

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Monday, July 20th. Investors of record on Friday, July 31st will be paid a dividend of 0.16 per share on Tuesday, August 11th. This represents a c) annualized dividend and a 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 payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Equities research 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. The firm has a market cap of $452.98 million, a price-to-earnings ratio of 11.33 and a beta of 1.03. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average is $25.28 and its two-hundred day moving average is $23.10. RBB Bancorp has a 12-month low of $16.74 and a 12-month high of $28.24.

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

Analyst Ratings Changes

RBB has been the subject of several recent analyst reports. Weiss Ratings raised shares of RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Hovde Group raised RBB Bancorp from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $26.00 to $29.00 in a research note on Tuesday, June 16th. Finally, Zacks Research upgraded RBB Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.33.

About RBB Bancorp

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.