RBB Bancorp (RBB) to Distribute Quarterly Dividend of $0.16 on November 12th

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Friday, October 16th. Investors of record on Friday, October 30th will be given a dividend of $0.16 per share on Thursday, November 12th. This represents a $0.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, October 30th.

RBB Bancorp has increased its dividend by an average of 0.1% per year over the last three years. RBB Bancorp has a payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RBB Bancorp to earn $2.48 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 25.8%.

RBB Bancorp Stock Down 0.5%

RBB opened at $26.18 on Wednesday. RBB Bancorp has a fifty-two week low of $18.20 and a fifty-two week high of $28.24. The company has a fifty day moving average of $26.31 and a two-hundred day moving average of $24.33.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, October 19th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.16. The firm had revenue of $36.87 million during the quarter, compared to analyst estimates of $34.43 million. Sell-side analysts predict that RBB Bancorp will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RBB shares. Stephens reiterated a “positive” rating on shares of RBB Bancorp in a research report on Thursday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of RBB Bancorp in a research note on Monday, October 19th. Keefe, Bruyette & Woods increased their target price on RBB Bancorp from $29.00 to $30.00 and gave the company a “market perform” rating in a report on Wednesday, October 21st. Finally, Zacks Research cut shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, RBB Bancorp has a consensus rating of “Hold” and an average target price of $29.33.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides banking services to businesses, professionals and individuals, with an emphasis on serving small and middle-market companies and communities that are often connected to Asian-American and immigrant-owned businesses.

Royal Business Bank offers commercial and industrial loans, commercial real estate financing, small business and Small Business Administration lending, residential mortgage loans, construction financing and consumer loans.