RBB Bancorp (NASDAQ:RBB) Announces Quarterly Earnings Results, Misses Estimates By $0.12 EPS

RBB Bancorp (NASDAQ:RBB) announced its quarterly earnings results on Monday. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12), Zacks reports. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%.

RBB Bancorp Stock Up 0.8 %

NASDAQ:RBB opened at $18.68 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $330.47 million, a P/E ratio of 10.00 and a beta of 0.97. The company’s 50-day simple moving average is $21.12 and its 200-day simple moving average is $22.23. RBB Bancorp has a fifty-two week low of $16.49 and a fifty-two week high of $25.30.

RBB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 31st will be issued a $0.16 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.43%. RBB Bancorp’s payout ratio is 34.59%.

Wall Street Analysts Forecast Growth

Separately, Stephens restated an “equal weight” rating and set a $25.00 target price on shares of RBB Bancorp in a report on Tuesday.

Insider Buying and Selling at RBB Bancorp

In related news, CEO David Richard Morris sold 9,000 shares of RBB Bancorp 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. This trade represents a 19.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary Fan sold 12,000 shares of RBB Bancorp stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.45, for a total transaction of $281,400.00. The disclosure for this sale can be found here. 6.63% of the stock is owned by insiders.

RBB Bancorp Company Profile

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.