RBB Bancorp (NASDAQ:RBB) is expected to report third quarter earnings results, after market close, on Monday 26th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.32 per share.
Looking ahead, the full year income are expected at $ 1.39 per share on the revenues of $ 113.60 million.
Previous Quarter Performance
RBB Bancorp unveiled income for the second quarter of $ 0.34 per share, from the revenue of $ 27.24 million. The quarterly earnings 32.00 percent while revenues reduced 9.65 percent compared with the same quarter last year.
Wall street analysts are predicting, RBB to report 2Q20 income of $ 0.29 per share from revenue of $ 26.96 million. The bottom line results beat street analysts by $ 0.05 or 17.24 percent, at the same time, top line results outshined analysts by $ 0.28 million or 1.04 percent.
Stock Performance
On Friday, shares of RBB Bancorp has traded high as $ 12.76 and has cracked $ 12.53 on the downward trend, reaching $ 12.66 with volume of 24.80 thousand shares.
According to the previous trading day, closing price of $ 12.66, representing a 17.06 % increase from the 52 week low of $ 10.61 and a 43.29 % decrease over the 52 week high of $ 21.90.
The company has a market capital of $ 249.90 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Piper Sandler at Neutral rating, with $ 12.50 target price.
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.
