RBB Bancorp (RBB) to Distribute Quarterly Dividend of $0.16 on August 11th

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Friday, July 17th. Stockholders of record on Friday, July 31st will be paid a dividend of 0.16 per share on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, July 31st.

RBB Bancorp has increased its dividend payment by an average of 0.1%annually over the last three years. RBB Bancorp has a dividend payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RBB Bancorp to earn $2.50 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 25.6%.

RBB Bancorp Stock Performance

Shares of RBB stock opened at $26.56 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $449.93 million, a price-to-earnings ratio of 10.93 and a beta of 1.03. RBB Bancorp has a 12-month low of $16.74 and a 12-month high of $28.24. The stock’s 50-day moving average price is $25.66 and its 200-day moving average price is $23.35.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, July 20th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $33.10 million during the quarter, compared to analyst estimates of $33.17 million. RBB Bancorp had a return on equity of 7.99% and a net margin of 17.26%. Equities research analysts predict that RBB Bancorp will post 2.37 EPS for the current fiscal year.

RBB Bancorp announced that its board has initiated a share buyback program on Monday, June 15th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

About RBB Bancorp

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.