RBB Bancorp (NASDAQ:RBB) Releases Quarterly Earnings Results, Beats Expectations By $0.21 EPS

RBB Bancorp (NASDAQ:RBB) released its quarterly earnings data on Monday. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.21, Zacks reports. RBB Bancorp had a net margin of 13.42% and a return on equity of 6.19%. The company had revenue of $34.75 million during the quarter, compared to analyst estimates of $32.38 million.

RBB Bancorp Price Performance

Shares of RBB opened at $22.93 on Tuesday. The business’s fifty day moving average is $21.74 and its 200 day moving average is $20.75. RBB Bancorp has a 12-month low of $14.40 and a 12-month high of $23.14. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock has a market cap of $391.42 million, a P/E ratio of 12.53 and a beta of 1.04.

RBB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Thursday, April 30th. RBB Bancorp’s dividend payout ratio (DPR) is currently 34.97%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in shares of RBB Bancorp by 84.9% during the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock worth $31,000 after acquiring an additional 835 shares in the last quarter. CANADA LIFE ASSURANCE Co acquired a new stake in shares of RBB Bancorp in the 4th quarter worth about $34,000. Public Employees Retirement System of Ohio lifted its position in RBB Bancorp by 17.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,593 shares of the company’s stock valued at $124,000 after acquiring an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in RBB Bancorp by 12.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,145 shares of the company’s stock valued at $127,000 after acquiring an additional 703 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in RBB Bancorp by 850.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 10,012 shares of the company’s stock valued at $188,000 after purchasing an additional 8,959 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

Analyst Upgrades and Downgrades

RBB has been the subject of a number of research reports. Zacks Research cut shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of RBB Bancorp in a report on Wednesday, January 28th. Finally, Wall Street Zen cut shares of RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, RBB Bancorp presently has an average rating of “Hold” and an average price target of $22.00.

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.