RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities.
Flawless balance sheet and undervalued.
Share Price & News
How has RBB Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RBB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RBB underperformed the US Banks industry which returned 10.6% over the past year.
Return vs Market: RBB underperformed the US Market which returned 20.3% over the past year.
Price Volatility Vs. Market
How volatile is RBB Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall StWhat Kind Of Shareholder Owns Most RBB Bancorp (NASDAQ:RBB) Stock?
2 weeks ago | Simply Wall StWhy You Might Be Interested In RBB Bancorp (NASDAQ:RBB) For Its Upcoming Dividend
3 weeks ago | Simply Wall StRBB Bancorp Yearly Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
Is RBB Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RBB ($19.71) is trading below our estimate of fair value ($42.44)
Significantly Below Fair Value: RBB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RBB is good value based on its PE Ratio (10.1x) compared to the Banks industry average (12.6x).
PE vs Market: RBB is good value based on its PE Ratio (10.1x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: RBB is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: RBB is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
How is RBB Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RBB's forecast earnings growth (7% per year) is above the savings rate (1.7%).
Earnings vs Market: RBB's earnings (7% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: RBB's earnings are forecast to grow, but not significantly.
Revenue vs Market: RBB's revenue (7.5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: RBB's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RBB's Return on Equity is forecast to be low in 3 years time (9.9%).
How has RBB Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RBB has high quality earnings.
Growing Profit Margin: RBB's current net profit margins (34.8%) are lower than last year (41.6%).
Past Earnings Growth Analysis
Earnings Trend: RBB's earnings have grown significantly by 27.6% per year over the past 5 years.
Accelerating Growth: RBB's earnings growth over the past year (8.6%) is below its 5-year average (27.6% per year).
Earnings vs Industry: RBB earnings growth over the past year (8.6%) underperformed the Banks industry 12.3%.
Return on Equity
High ROE: RBB's Return on Equity (9.6%) is considered low.
Return on Assets
Return on Capital Employed
How is RBB Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: RBB has a low level of unsold assets or inventory.
Debt Coverage by Assets: RBB's debt is covered by short term assets (assets are 2.9x debt).
Financial Institutions Analysis
Asset Level: RBB's level of assets compared to its equity is low.
Allowance for Bad Loans: RBB has a sufficient allowance for bad loans.
Low Risk Liabilities: RBB's liabilities are made up of primarily low risk sources of funding.
Loan Level: RBB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: RBB's loans are broadly funded by customer deposits.
Level of Bad Loans: RBB has an appropriate level of bad loans (0.6%)
What is RBB Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RBB's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: RBB's dividend (2.44%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, RBB has been paying a dividend for less than 10 years.
Growing Dividend: RBB's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.4%), RBB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RBB's dividends in 3 years are forecast to be well covered by earnings (22.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alan Thian (66yo)
Mr. Yee Phong Thian, also known as Alan, has been the Chairman, Chief Executive Officer and President of RBB Bancorp and Royal Business Bank since 2008. Mr. Thian served as an Executive Vice President and ...
CEO Compensation Analysis
Compensation vs Market: Alan's total compensation ($USD3.53M) is above average for companies of similar size in the US market ($USD1.66M).
Compensation vs Earnings: Alan's compensation has increased by more than 20% in the past year.
|Executive VP & CFO||9.7yrs||US$424.74k||0.064% $251.8k|
|Executive VP & Chief Risk Officer||0yrs||no data||0.34% $1.3m|
|First VP & Chief Information Officer||0yrs||no data||no data|
|Senior VP & Compliance Officer||0yrs||no data||no data|
|Senior Advisor & Legal Counsel||0yrs||no data||no data|
|Senior VP & HR Director||0yrs||no data||no data|
|Executive VP & Chief Strategy Officer||0yrs||US$343.13k||0.12% $487.9k|
|Executive VP & Chief Credit Officer||6.1yrs||no data||0.26% $1.0m|
Experienced Management: RBB's management team is seasoned and experienced (9.7 years average tenure).
|Independent Director||9.1yrs||US$96.40k||0.47% $1.9m|
|Independent Director||9.1yrs||US$96.23k||0.10% $396.2k|
|Independent Director||9.1yrs||US$94.40k||0.33% $1.3m|
|Independent Director||9.1yrs||US$94.63k||6.69% $26.4m|
|Independent Director||0yrs||US$97.72k||3.04% $12.0m|
|Vice Chairman||1.3yrs||US$3.60k||1.25% $4.9m|
|Independent Director||9.1yrs||US$89.91k||5.43% $21.5m|
|Independent Director||8.1yrs||US$96.13k||3.76% $14.8m|
Experienced Board: RBB's board of directors are considered experienced (9.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RBB insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.7%.
RBB Bancorp's company bio, employee growth, exchange listings and data sources
- Name: RBB Bancorp
- Ticker: RBB
- Exchange: NasdaqGS
- Founded: 2008
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$394.808m
- Shares outstanding: 20.03m
- Website: https://www.royalbusinessbankusa.com
Number of Employees
- RBB Bancorp
- 1055 Wilshire Boulevard
- 12th Floor
- Los Angeles
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RBB||NasdaqGS (Nasdaq Global Select)||Yes||Common Shares||US||USD||Jul 2017|
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. In addition, it provides international letters of credit, SWIFT, export advisory, trade finance discount, and foreign exchange services; and trust, remote deposit, e-banking, and mobile banking services, as well as operates a loan production office in California. The company primarily offers its products and services to individuals, businesses, municipalities, and other entities. As of January 27, 2020, it operated 10 branches in Los Angeles County; 2 branches in Ventura County; 1 branch in Irvine, California; 1 branch in Las Vegas, Nevada; 8 branches and 1 loan operation center in Brooklyn, Queens, and Manhattan in New York; and 3 branches in Chicago, Illinois. RBB Bancorp was founded in 2008 and is headquartered in Los Angeles, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 00:55|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.