RBB Bancorp Inc (NASDAQ:RBB) is expected to report quarterly results after market close on Monday, January 24. Analysts expect RBB Bancorp to post earnings of $0.74 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
RBB Bancorp Inc (NASDAQ:RBB) last reported quarterly results on Sunday, October 24. The company reported earnings per share of $0.71 for the quarter, beating the Zacks consensus estimate of $0.68 by $0.03. RBB Bancorp had a net margin of 31.81% and a return on equity of 11.88%. The company posted revenue of $37.10 million for the quarter, versus analyst estimates of $34.85 million. In the same quarter a year earlier, the company posted earnings per share of $0.43. On average, analysts expect RBB Bancorp to post EPS of $3 for the current fiscal year and EPS of $3 for the next fiscal year.
RBB shares opened at $27.50 on Monday. The company has a debt ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.09. RBB Bancorp has a 12-month low of $16.05 and a 12-month high of $27.81. The company has a 50-day moving average of $25.76. The company has a market capitalization of $536.69 million, a price-earnings ratio of 10.46 and a beta of 0.92.
The company also recently declared a quarterly dividend, which was paid on Friday, November 12. Shareholders of record on Monday, November 1 received a dividend of $0.13. This represents a dividend of $0.52 on an annualized basis and a yield of 1.89%. The ex-dividend date was Friday, October 29. RBB Bancorp’s payout ratio is currently 19.77%.
Separately, Zacks Investment Research downgraded shares of RBB Bancorp from a “buy” rating to a “hold” rating in a Thursday, Jan. 6, research rating.
Several hedge funds have recently changed their positions in the company. Bank of New York Mellon Corp raised its position in RBB Bancorp shares by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 124,907 shares of the company worth $3,148,000 after buying 3,673 additional shares last quarter. Wells Fargo & Company MN increased its stake in RBB Bancorp by 81.3% during the second quarter. Wells Fargo & Company MN now owns 44,041 shares of the company worth $1,067,000 after purchasing an additional 19,748 shares in the last quarter. Invesco Ltd. increased its stake in RBB Bancorp by 12.2% during the third quarter. Invesco Ltd. now owns 20,189 shares of the company worth $509,000 after purchasing an additional 2,189 shares in the last quarter. Royal Bank of Canada increased its stake in RBB Bancorp by 5.6% during the third quarter. Royal Bank of Canada now owns 11,450 shares of the company worth $289,000 after buying 604 more shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in RBB Bancorp by 95.9% during the third quarter. BNP Paribas Arbitrage SA now owns 3,662 shares in the company worth $92,000 after purchasing an additional 1,793 shares in the last quarter. 37.06% of the shares are currently held by institutional investors and hedge funds.
About RBB Bancorp
RBB Bancorp operates as a bank holding company. The company is committed to providing a full-service commercial bank. Its services include remote deposit, online banking, mobile banking, commercial and investment real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, residential loans for 1 to 4 families, trade finance and a full range of deposit accounts.
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