RBB (RBB) Q3 Earnings and Revenues Beat Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Earnings Performance: RBB Bancorp reported quarterly earnings of $0.39 per share, exceeding estimates and showing a 2.63% surprise, despite a decrease from $0.63 per share a year ago. The company also surpassed revenue expectations with $30.29 million for the quarter.
Future Outlook: The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market, while industry conditions may impact future stock performance, as the Banks - West sector ranks in the bottom 40% of Zacks industries.
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Analyst Views on HTBK
Wall Street analysts forecast HTBK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HTBK is 12.88 USD with a low forecast of 11.00 USD and a high forecast of 14.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 12.550
Low
11.00
Averages
12.88
High
14.50
Current: 12.550
Low
11.00
Averages
12.88
High
14.50
About HTBK
Heritage Commerce Corp is a bank holding company for its wholly owned subsidiary, Heritage Bank of Commerce (the Bank). The Bank offers a full line of banking services and products to business and individual clients, with a focus on small and medium-sized business and their owners, managers and employees. Its lending activities are diversified and include commercial, real estate, construction and land development, consumer and small business administration (SBA) guaranteed loans. The Bank offers a range of deposit products for business banking and retail markets. It offers a multitude of other products and services to complement its lending and deposit services. Through its Bank subsidiary, CSNK Working Capital Finance Corp., the Company provides factoring financing throughout the United States. Its operations are located in the general San Francisco Bay Area of California in the counties of Alameda, Contra Costa, Marin, San Benito, San Francisco, San Mateo, and Santa Clara.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Heritage Commerce Q4 Earnings: $0.28 EPS, $53.6M Revenue Growth
- Revenue Growth: Heritage Commerce reported Q4 revenue of $53.6 million, reflecting a 7% year-over-year increase, which demonstrates the company's robust growth capability in the market and boosts investor confidence.
- Net Interest Margin Improvement: The FTE net interest margin increased to 3.72%, up 12 basis points from the previous year, indicating effective asset management strategies in the current interest rate environment, thereby enhancing profitability.
- Deposit Increase: Total deposits rose to $4.9 billion, an increase of $126.5 million or 3% year-over-year, indicating improved customer trust and supporting future lending and investment activities for the company.
- Asset Quality Improvement: Nonperforming assets to total assets ratio decreased to 0.05% from 0.07% last year, reflecting effective risk management measures and enhancing the company's financial stability.
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