RBB Bancorp (NASDAQ:RBB) Plans $0.08 Quarterly Dividend

RBB Bancorp (NASDAQ:RBB) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Investors of record on Wednesday, January 31st will be given a dividend of 0.08 per share on Thursday, February 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, January 30th.

Shares of RBB Bancorp (RBB) traded down $0.31 during midday trading on Friday, reaching $25.59. The company’s stock had a trading volume of 16,118 shares, compared to its average volume of 33,076. RBB Bancorp has a 12-month low of $21.26 and a 12-month high of $27.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.12.

RBB has been the topic of a number of research reports. Zacks Investment Research cut RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 price target on shares of RBB Bancorp in a research report on Friday, December 22nd.

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About RBB Bancorp

RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank.

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