RBB Bancorp (NASDAQ:RBB) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

RBB Bancorp (NASDAQ:RBB) announced its earnings results on Monday. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.16, Zacks reports. RBB Bancorp had a net margin of 17.26% and a return on equity of 7.94%.

RBB Bancorp Stock Down 1.2%

Shares of RBB Bancorp stock traded down $0.30 on Monday, reaching $25.45. The stock had a trading volume of 83,151 shares, compared to its average volume of 113,763. The company has a 50 day moving average price of $26.45 and a 200 day moving average price of $25.38. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.55. RBB Bancorp has a 1 year low of $16.98 and a 1 year high of $28.24. The stock has a market capitalization of $430.61 million, a P/E ratio of 10.47 and a beta of 1.04.

Analysts Set New Price Targets

Several analysts have issued reports on RBB shares. Stephens raised their price objective on shares of RBB Bancorp from $26.00 to $29.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Weiss Ratings raised RBB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Finally, Zacks Research lowered RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.50.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides commercial banking and financial services to businesses, professionals and individuals, with a focus on serving small and mid-sized companies and the communities in which they operate.

Royal Business Bank offers business and consumer deposit accounts, certificates of deposit, cash-management services, online banking and other treasury-management solutions.