RBB Bancorp (RBB) Set to Announce Quarterly Earnings on Monday

RBB Bancorp (NASDAQ:RBB) will post its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect RBB Bancorp to post 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 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $27.45 million for the quarter, compared to analyst estimates of $27.39 million. RBB Bancorp had a return on equity of 6.94% and a net margin of 16.38%. The company’s revenue was down 20.2% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS. 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 Stock Performance

NASDAQ:RBB opened at $23.94 on Friday. The company has a market cap of $426.37 million, a price-to-earnings ratio of 11.45 and a beta of 0.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. RBB Bancorp has a fifty-two week low of $11.15 and a fifty-two week high of $24.50. The stock has a fifty day moving average price of $22.59 and a 200-day moving average price of $20.14.

Wall Street Analysts Forecast Growth

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

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.