Zacks: Analysts Expect RBB Bancorp (NASDAQ:RBB) Will Post Earnings of $0.73 Per Share

Equities research analysts expect RBB Bancorp (NASDAQ:RBBGet Rating) to report earnings of $0.73 per share for the current quarter, according to Zacks. Two analysts have made estimates for RBB Bancorp’s earnings, with the lowest EPS estimate coming in at $0.71 and the highest estimate coming in at $0.74. RBB Bancorp posted earnings per share of $0.67 during the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that RBB Bancorp will report full-year earnings of $3.11 per share for the current year, with EPS estimates ranging from $3.01 to $3.22. For the next financial year, analysts expect that the company will report earnings of $3.37 per share, with EPS estimates ranging from $3.11 to $3.66. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for RBB Bancorp.

RBB Bancorp (NASDAQ:RBBGet Rating) last posted its quarterly earnings results on Monday, April 25th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. RBB Bancorp had a return on equity of 12.98% and a net margin of 35.39%. The business had revenue of $37.44 million for the quarter, compared to analyst estimates of $36.30 million. During the same quarter in the previous year, the firm earned $0.63 EPS.

A number of brokerages have recently issued reports on RBB. Zacks Investment Research downgraded shares of RBB Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Hovde Group lowered RBB Bancorp from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $35.00 to $30.00 in a research report on Tuesday, February 22nd. Janney Montgomery Scott downgraded RBB Bancorp from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research report on Wednesday, February 23rd. Finally, Piper Sandler cut RBB Bancorp from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $30.00 to $25.50 in a report on Tuesday, March 29th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.60.

RBB stock traded down $0.40 during trading on Monday, reaching $21.12. 216,478 shares of the stock were exchanged, compared to its average volume of 42,104. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.72. The stock has a market cap of $410.87 million, a price-to-earnings ratio of 7.11 and a beta of 0.88. The stock has a 50 day simple moving average of $23.65. RBB Bancorp has a 1 year low of $20.68 and a 1 year high of $29.08.

The company also recently announced a quarterly dividend, which was paid on Friday, May 6th. Shareholders of record on Monday, May 2nd were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend was Friday, April 29th. RBB Bancorp’s payout ratio is 18.86%.

In other news, Director James Kao acquired 18,000 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The shares were purchased at an average price of $21.68 per share, for a total transaction of $390,240.00. Following the acquisition, the director now owns 431,876 shares of the company’s stock, valued at $9,363,071.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 20.89% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. FJ Capital Management LLC boosted its holdings in RBB Bancorp by 23.2% in the third quarter. FJ Capital Management LLC now owns 1,180,000 shares of the company’s stock valued at $29,749,000 after purchasing an additional 222,000 shares during the period. Assenagon Asset Management S.A. acquired a new stake in RBB Bancorp in the 1st quarter valued at about $2,744,000. Wedge Capital Management L L P NC boosted its stake in shares of RBB Bancorp by 36.7% in the 1st quarter. Wedge Capital Management L L P NC now owns 238,190 shares of the company’s stock valued at $5,595,000 after buying an additional 63,918 shares during the period. Comerica Bank purchased a new position in shares of RBB Bancorp in the 3rd quarter valued at about $1,331,000. Finally, JPMorgan Chase & Co. grew its position in shares of RBB Bancorp by 51.6% during the fourth quarter. JPMorgan Chase & Co. now owns 100,520 shares of the company’s stock worth $2,633,000 after buying an additional 34,218 shares in the last quarter. Hedge funds and other institutional investors own 36.27% of the company’s stock.

RBB Bancorp Company Profile (Get Rating)

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.

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Earnings History and Estimates for RBB Bancorp (NASDAQ:RBB)

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