RBB Bancorp (RBB) to Issue Quarterly Dividend of $0.16 on February 12th

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Thursday, January 16th,RTT News reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.16 per share on Wednesday, February 12th. This represents a $0.64 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Friday, January 31st.

RBB Bancorp has raised its dividend by an average of 7.9% annually over the last three years. RBB Bancorp has a dividend payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Analysts expect RBB Bancorp to earn $1.66 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 38.6%.

RBB Bancorp Stock Performance

NASDAQ RBB opened at $20.09 on Friday. The firm has a market cap of $355.39 million, a P/E ratio of 10.86 and a beta of 0.98. RBB Bancorp has a 52-week low of $16.49 and a 52-week high of $25.30. The business’s 50-day moving average price is $22.29 and its 200 day moving average price is $22.23. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $60.17 million for the quarter, compared to the consensus estimate of $28.17 million. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. During the same quarter in the previous year, the firm earned $0.63 earnings per share. On average, equities research analysts expect that RBB Bancorp will post 1.57 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Gary Fan sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.45, for a total value of $281,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Richard Morris sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total value of $224,010.00. Following the completion of the transaction, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at $938,900.58. The trade was a 19.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.63% of the stock is currently 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.