RBB Bancorp (NASDAQ:RBB) is reporting second quarter financial results on Monday 27th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, RBB is expected to report 2Q20 income of $ 0.29 per share from revenue of $ 26.96 million.
For the full year, analysts anticipate top line of $ 113.37 million, while looking forward to income of $ 1.30 per share bottom line.
Previous Quarter Performance
RBB Bancorp outlined income for the first quarter of $ 0.33 per share, from the revenue of $ 28.21 million. The quarterly earnings contracted 35.29 percent while revenues decreased 4.57 percent compared with the same quarter last year.
According to street consensus, RBB was expected to report 1Q20 income of $ 0.41 per share from revenue of $ 28.51 million. The bottom line results missed street analysts by $ 0.08 or 19.51 percent, at the same time, top line results fell short of analysts by $ 0.3 million or 1.05 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of RBB Bancorp
Stock Performance
According to the previous trading day, closing price of RBB was $ 13.08, representing a 23.28 % increase from the 52 week low of $ 10.61 and a 40.27 % decrease over the 52 week high of $ 21.90.
The company has a market capital of $ 258.19 million and is part of the Financial Services sector and Banks – Regional – US industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”RBB” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Stock Dividend Announcement
On April 20, 2020, the board of directors authorized quarterly dividend of $ 0.06 per share to holders of record as of the close of business on April 30, 2020, with payment date of May 13, 2020 and ex-dividend date on April 29, 2020.
RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.
