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

RBB Bancorp (NASDAQ:RBB - Get Free Report) announced a quarterly dividend on Thursday, April 17th, Wall Street Journal reports. Investors of record on Wednesday, April 30th will be given a dividend of 0.16 per share on Monday, May 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Wednesday, April 30th.

RBB Bancorp has increased its dividend by an average of 7.9% annually over the last three years. RBB Bancorp has a payout ratio of 34.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect RBB Bancorp to earn $1.92 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 33.3%.

RBB Bancorp Price Performance

Shares of RBB traded down $0.08 during midday trading on Thursday, hitting $15.69. 12,559 shares of the company traded hands, compared to its average volume of 49,514. RBB Bancorp has a one year low of $14.40 and a one year high of $25.30. The firm has a market cap of $278.40 million, a P/E ratio of 10.72 and a beta of 0.89. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50-day moving average of $16.56 and a 200-day moving average of $20.01.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last posted its earnings results on Monday, February 3rd. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. As a group, sell-side analysts predict that RBB Bancorp will post 1.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director James Kao acquired 3,352 shares of RBB Bancorp stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $17.31 per share, with a total value of $58,023.12. Following the completion of the purchase, the director now owns 551,863 shares of the company's stock, valued at $9,552,748.53. This represents a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 9,924 shares of company stock valued at $171,398 over the last quarter. 6.63% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Stephens reduced their target price on RBB Bancorp from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price target on shares of RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, Piper Sandler lowered their price objective on shares of RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th.

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.