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

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Monday, April 21st, Wall Street Journal reports. Stockholders of record on Wednesday, April 30th will be given a dividend of 0.16 per share on Monday, May 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Wednesday, April 30th.

RBB Bancorp has raised its dividend payment by an average of 7.9% annually over the last three years. RBB Bancorp has a payout ratio of 34.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect RBB Bancorp to earn $1.92 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 33.3%.

RBB Bancorp Stock Performance

Shares of NASDAQ:RBB traded down $0.10 during trading on Monday, hitting $14.98. The company’s stock had a trading volume of 26,424 shares, compared to its average volume of 49,928. The company has a 50-day moving average of $16.70 and a 200-day moving average of $20.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $265.73 million, a price-to-earnings ratio of 10.26 and a beta of 0.89. RBB Bancorp has a 12 month low of $14.46 and a 12 month high of $25.30.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, February 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. On average, sell-side analysts expect that RBB Bancorp will post 1.63 earnings per share for the current year.

Insider Transactions at RBB Bancorp

In other RBB Bancorp news, Director James Kao purchased 5,960 shares of RBB Bancorp stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $17.24 per share, with a total value of $102,750.40. Following the transaction, the director now owns 557,823 shares of the company’s stock, valued at $9,616,868.52. This represents a 1.08 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders purchased 9,924 shares of company stock worth $171,398. Company insiders own 6.63% of the company’s stock.

Wall Street Analyst Weigh In

RBB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Stephens decreased their price objective on RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler dropped their price objective on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th.

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.