RBB Bancorp (NASDAQ:RBB – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Monday, July 24th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
RBB Bancorp (NASDAQ:RBB – Get Free Report) last released its quarterly earnings results on Monday, April 24th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.14). The company had revenue of $36.46 million during the quarter, compared to analysts’ expectations of $36.60 million. RBB Bancorp had a return on equity of 12.67% and a net margin of 29.48%. On average, analysts expect RBB Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
RBB Bancorp Trading Down 2.2 %
RBB opened at $12.63 on Monday. RBB Bancorp has a 12 month low of $8.62 and a 12 month high of $23.76. The stock has a 50-day moving average of $11.53 and a 200 day moving average of $15.47. The firm has a market cap of $239.84 million, a P/E ratio of 3.98 and a beta of 0.85. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83.
RBB Bancorp Announces Dividend
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. TheStreet downgraded RBB Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, April 26th. Keefe, Bruyette & Woods lowered their price objective on RBB Bancorp from $23.00 to $19.00 and set a “market perform” rating on the stock in a report on Thursday, April 6th.
Hedge Funds Weigh In On RBB Bancorp
Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of RBB Bancorp by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 119,289 shares of the company’s stock valued at $2,802,000 after acquiring an additional 742 shares during the period. American Century Companies Inc. grew its holdings in RBB Bancorp by 29.4% during the 1st quarter. American Century Companies Inc. now owns 70,187 shares of the company’s stock worth $1,649,000 after acquiring an additional 15,938 shares in the last quarter. Acadian Asset Management LLC grew its holdings in RBB Bancorp by 37.1% during the 1st quarter. Acadian Asset Management LLC now owns 26,469 shares of the company’s stock worth $620,000 after acquiring an additional 7,161 shares in the last quarter. MetLife Investment Management LLC grew its holdings in RBB Bancorp by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 7,339 shares of the company’s stock worth $172,000 after acquiring an additional 2,663 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in RBB Bancorp by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 510,955 shares of the company’s stock worth $12,003,000 after acquiring an additional 24,437 shares in the last quarter. Hedge funds and other institutional investors own 39.07% 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.
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