RBB Bancorp (NASDAQ:RBB) Receives $28.25 Consensus PT from Brokerages
RBB Bancorp (NASDAQ:RBB) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $28.25.
A number of equities analysts have issued reports on the stock. FIG Partners reaffirmed an “outperform” rating on shares of RBB Bancorp in a report on Friday, April 12th. TheStreet raised shares of Twilio from a “d” rating to a “c” rating in a report on Monday, June 24th. Sandler O’Neill downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. BidaskClub downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, Zacks Investment Research raised shares of Icon from a “hold” rating to a “buy” rating and set a $157.00 price target on the stock in a report on Thursday, May 30th.
In other news, Director James Kao acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average cost of $188,000.00 per share, for a total transaction of $1,880,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 23.92% of the stock is currently owned by insiders.
Shares of RBB stock opened at $19.79 on Thursday. The company has a market cap of $397.26 million, a price-to-earnings ratio of 9.29 and a beta of 1.09. The company’s fifty day simple moving average is $19.36. The company has a quick ratio of 1.08, a current ratio of 1.25 and a debt-to-equity ratio of 1.01. RBB Bancorp has a 12 month low of $17.03 and a 12 month high of $31.44.
RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, July 22nd. The company reported $0.50 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.07). The business had revenue of $29.81 million for the quarter, compared to the consensus estimate of $32.60 million. RBB Bancorp had a net margin of 25.83% and a return on equity of 10.96%. Research analysts anticipate that RBB Bancorp will post 1.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Tuesday, July 30th. RBB Bancorp’s dividend payout ratio (DPR) is currently 18.78%.
RBB Bancorp Company Profile
RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.
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