RBB Bancorp (NASDAQ:RBB) Releases Earnings Results, Misses Expectations By $0.12 EPS

RBB Bancorp (NASDAQ:RBB - Get Free Report) released its earnings results on Monday. The company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.12), Zacks reports. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%.

RBB Bancorp Stock Down 2.0 %

RBB stock traded down $0.37 during trading on Friday, reaching $18.57. 35,096 shares of the company traded hands, compared to its average volume of 51,824. The business has a 50 day simple moving average of $20.92 and a 200 day simple moving average of $22.19. RBB Bancorp has a 12 month low of $16.54 and a 12 month high of $25.30. 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 company has a market capitalization of $328.56 million, a price-to-earnings ratio of 10.04 and a beta of 0.97.

RBB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.45%. The ex-dividend date is Friday, January 31st. RBB Bancorp's payout ratio is 43.84%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CEO David Richard Morris sold 9,000 shares of the firm's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total value of $224,010.00. Following the completion of the sale, the chief executive officer now owns 37,722 shares of the company's stock, valued at $938,900.58. This trade represents a 19.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gary Fan sold 12,000 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.45, for a total value of $281,400.00. The disclosure for this sale can be found here. 6.63% of the stock is currently owned by corporate insiders.

About RBB Bancorp

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.