|Bid||19.60 x 800|
|Ask||32.50 x 800|
|Day's Range||19.96 - 20.40|
|52 Week Range||10.61 - 23.00|
|Beta (5Y Monthly)||0.95|
|PE Ratio (TTM)||12.21|
|Forward Dividend & Yield||0.33 (1.63%)|
|Ex-Dividend Date||Jan 29, 2021|
|1y Target Est||N/A|
RBB Bancorp (NASDAQ: RBB) today announced the completion of the redemption on March 31, 2021 of all of its outstanding 6.5% Fixed-to-Floating Subordinated Notes due March 31, 2026 (CUSIP 74930 B AA 3) (the "Notes"). The redemption price for the Notes was equal to 100% of principal amount of the Notes redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date of March 31, 2021.
RBB Bancorp (NASDAQ: RBB or the "Company"), the financial holding company for Royal Business Bank ("the Bank") and RBB Asset Management Company, announced today that it had completed its previously announced underwritten offering and sale of its $120.0 million aggregate principal amount of 4.00% Fixed-to-Floating Rate Subordinated Notes due 2031 (the "Notes"). The Notes were sold at par, resulting in net proceeds, after underwriting discounts and estimated offering expenses, of approximately $118.1 million.
RBB Bancorp (NASDAQ: RBB or the "Company"), the financial holding company for Royal Business Bank ("the Bank") and RBB Asset Management Company, announced today the pricing of its public offering of $120.0 million aggregate principal amount of 4.00% fixed-to-floating subordinated notes due 2031 (the "Notes"). The price to the public is 100% of the principal amount of the Notes. Interest on the Notes initially will accrue at a rate equal to 4.00% per annum from and including March 26, 2021 to, but excluding, April 1, 2026 or the earlier redemption date, payable semi-annually in arrears. From and including April 1, 2026 to, but excluding, April 1, 2031 or the earlier redemption date, interest will accrue at a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the indenture relating to the Notes), plus a spread of 329 basis points, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The offering is expected to close on March 26, 2021, subject to the satisfaction of customary closing conditions.