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

RBB Bancorp (NASDAQ:RBB - Get Free Report) declared a quarterly dividend on Friday, October 18th, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.16 per share on Tuesday, November 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, October 31st.

RBB Bancorp has raised its dividend by an average of 24.7% annually over the last three years. RBB Bancorp has a dividend payout ratio of 37.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect RBB Bancorp to earn $1.70 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 37.6%.

RBB Bancorp Stock Performance

Shares of RBB stock traded up $0.20 during trading on Wednesday, reaching $23.00. The company had a trading volume of 25,428 shares, compared to its average volume of 51,589. The firm's 50 day simple moving average is $22.71 and its two-hundred day simple moving average is $20.30. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09. RBB Bancorp has a one year low of $11.15 and a one year high of $24.50. The company has a market capitalization of $409.63 million, a PE ratio of 10.91 and a beta of 0.95.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last released its earnings results on Monday, October 21st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The firm had revenue of $60.17 million for the quarter, compared to analyst estimates of $28.17 million. RBB Bancorp had a return on equity of 6.94% and a net margin of 16.38%. During the same quarter last year, the firm posted $0.63 EPS. Sell-side analysts forecast that RBB Bancorp will post 1.59 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on RBB. Piper Sandler raised their target price on RBB Bancorp from $21.00 to $21.50 and gave the company a "neutral" rating in a report on Thursday, July 25th. Hovde Group reissued a "market perform" rating and set a $20.00 price objective on shares of RBB Bancorp in a report on Monday, July 15th. Finally, Stephens reissued an "equal weight" rating and set a $20.00 price objective on shares of RBB Bancorp in a report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, RBB Bancorp has a consensus rating of "Hold" and an average price target of $20.88.

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.