RBB Bancorp (NASDAQ:RBB) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS

RBB Bancorp (NASDAQ:RBB) posted its quarterly earnings data on Monday. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.16, Zacks reports. RBB Bancorp had a net margin of 17.26% and a return on equity of 7.94%.

RBB Bancorp Stock Performance

NASDAQ RBB traded down $0.30 on Monday, hitting $25.45. 83,151 shares of the company traded hands, compared to its average volume of 113,763. The company has a market capitalization of $430.61 million, a price-to-earnings ratio of 10.47 and a beta of 1.04. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average price is $26.45 and its 200-day moving average price is $25.38. RBB Bancorp has a 52-week low of $16.98 and a 52-week high of $28.24.

Analysts Set New Price Targets

RBB has been the topic of several recent research reports. Stephens raised their price target on RBB Bancorp from $26.00 to $29.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded RBB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Finally, Zacks Research downgraded RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, RBB Bancorp has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

About RBB Bancorp

RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides commercial banking and financial services to businesses, professionals and individuals, with a focus on serving small and mid-sized companies and the communities in which they operate.

Royal Business Bank offers business and consumer deposit accounts, certificates of deposit, cash-management services, online banking and other treasury-management solutions.