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

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

RBB Bancorp Price Performance

Shares of RBB traded down $0.28 during mid-day trading on Monday, reaching $18.53. 83,676 shares of the company’s stock were exchanged, compared to its average volume of 54,427. RBB Bancorp has a 52-week low of $16.49 and a 52-week high of $25.30. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $21.36 and a two-hundred day simple moving average of $22.28. The company has a market cap of $327.85 million, a price-to-earnings ratio of 10.02 and a beta of 0.98.

RBB Bancorp Dividend Announcement

The firm 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. The ex-dividend date is Friday, January 31st. This represents a $0.64 annualized dividend and a dividend yield of 3.45%. RBB Bancorp’s dividend payout ratio is presently 34.59%.

Insider Transactions at RBB Bancorp

In other news, CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction that occurred 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 directly owns 37,722 shares in the company, valued at approximately $938,900.58. The trade was a 19.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gary Fan sold 12,000 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.45, for a total transaction of $281,400.00. The disclosure for this sale can be found here. Insiders own 6.63% of the company’s stock.

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.