RBB Bancorp (RBB) to Release Earnings on Monday

RBB Bancorp (NASDAQ:RBB) will be issuing its quarterly earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Monday, July 22nd. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. RBB Bancorp had a net margin of 16.38% and a return on equity of 6.94%. The firm had revenue of $27.45 million during the quarter, compared to analysts’ expectations of $27.39 million. During the same quarter last year, the company posted $0.58 EPS. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. 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 Price Performance

Shares of RBB stock opened at $23.94 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $426.37 million, a price-to-earnings ratio of 11.45 and a beta of 0.95. The firm’s 50 day moving average is $22.59 and its 200-day moving average is $20.14. RBB Bancorp has a 1 year low of $11.15 and a 1 year high of $24.50.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RBB shares. Stephens restated an “equal weight” rating and issued a $20.00 price target on shares of RBB Bancorp in a research report on Tuesday, July 23rd. Piper Sandler raised their target price on RBB Bancorp from $21.00 to $21.50 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, Hovde Group reissued a “market perform” rating and issued a $20.00 price target on shares of RBB Bancorp in a report on Monday, July 15th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $20.88.

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, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.