RBB Bancorp (RBB) to Issue $0.08 Quarterly Dividend

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Stockholders of record on Wednesday, January 31st will be paid a dividend of 0.08 per share on Thursday, February 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, January 30th.

RBB Bancorp (RBB) traded down $0.01 on Friday, reaching $26.88. The company had a trading volume of 19,511 shares, compared to its average volume of 22,262. The firm has a market capitalization of $424.74 and a PE ratio of 16.39. RBB Bancorp has a 52-week low of $21.26 and a 52-week high of $27.55. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings data on Monday, October 23rd. The company reported $0.39 earnings per share (EPS) for the quarter. The firm had revenue of $18.52 million for the quarter. research analysts forecast that RBB Bancorp will post 1.84 earnings per share for the current year.

A number of research firms recently issued reports on RBB. Keefe, Bruyette & Woods reissued a “buy” rating and set a $30.00 price objective on shares of RBB Bancorp in a research report on Friday, December 22nd. Zacks Investment Research raised RBB Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Friday, November 17th.

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About RBB Bancorp

RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank.

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