RBB Bancorp (NASDAQ:RBB - Get Free Report) issued its earnings results on Monday. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.01, Briefing.com reports. The business had revenue of $60.17 million during the quarter, compared to analysts' expectations 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 in the prior year, the firm earned $0.63 EPS.
RBB Bancorp Trading Down 1.8 %
Shares of NASDAQ:RBB traded down $0.42 during mid-day trading on Tuesday, hitting $22.80. The company had a trading volume of 48,013 shares, compared to its average volume of 51,717. 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 firm has a fifty day moving average price of $22.68 and a 200 day moving average price of $20.27. The company has a market capitalization of $406.07 million, a PE ratio of 10.91 and a beta of 0.95.
Analyst Upgrades and Downgrades
Several analysts recently commented on the company. Stephens reiterated an "equal weight" rating and issued a $20.00 target price on shares of RBB Bancorp in a report on Tuesday, July 23rd. Hovde Group reissued a "market perform" rating and set a $20.00 target price on shares of RBB Bancorp in a research note on Monday, July 15th. Finally, Piper Sandler upped their price target on shares of RBB Bancorp from $21.00 to $21.50 and gave the company a "neutral" rating in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, RBB Bancorp has a consensus rating of "Hold" and an average target price of $20.88.
Read Our Latest Analysis on RBB
About RBB Bancorp
(
Get Free Report)
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.
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