RBB Bancorp (NASDAQ:RBB) Receives New Coverage from Analysts at Hovde Group

Analysts at Hovde Group started coverage on shares of RBB Bancorp (NASDAQ:RBB) in a report issued on Monday, StockNewsAPI reports. The brokerage set a “market perform” rating and a $19.00 price target on the stock. Hovde Group’s target price indicates a potential upside of 4.11% from the stock’s previous close.

A number of other research firms have also recently commented on RBB. Keefe, Bruyette & Woods lifted their target price on shares of RBB Bancorp from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. TheStreet upgraded shares of RBB Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th. Finally, Stephens restated an “equal weight” rating and set a $19.00 price objective on shares of RBB Bancorp in a research note on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.00.

RBB Bancorp Trading Down 0.1 %

RBB stock opened at $18.25 on Monday. The company has a market capitalization of $339.82 million, a PE ratio of 7.55 and a beta of 0.96. RBB Bancorp has a 12 month low of $8.62 and a 12 month high of $20.22. The firm’s 50-day moving average is $17.40 and its 200 day moving average is $16.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Tuesday, April 23rd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The business had revenue of $58.17 million for the quarter, compared to the consensus estimate of $27.40 million. RBB Bancorp had a net margin of 19.06% and a return on equity of 8.36%. During the same quarter last year, the firm posted $0.58 EPS. On average, research analysts anticipate that RBB Bancorp will post 1.47 EPS for the current year.

Insider Transactions at RBB Bancorp

In other RBB Bancorp news, Director James Kao bought 2,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $16.98 per share, with a total value of $33,960.00. Following the completion of the acquisition, the director now directly owns 519,175 shares of the company’s stock, valued at $8,815,591.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders acquired 35,977 shares of company stock valued at $624,060 over the last 90 days. 6.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Quadrature Capital Ltd lifted its position in shares of RBB Bancorp by 20.3% during the fourth quarter. Quadrature Capital Ltd now owns 13,004 shares of the company’s stock worth $248,000 after purchasing an additional 2,191 shares in the last quarter. AJOVista LLC acquired a new stake in shares of RBB Bancorp during the fourth quarter worth about $59,000. New York State Common Retirement Fund lifted its position in shares of RBB Bancorp by 101.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock worth $170,000 after purchasing an additional 4,503 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of RBB Bancorp by 0.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 78,338 shares of the company’s stock worth $1,492,000 after purchasing an additional 641 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of RBB Bancorp during the fourth quarter worth about $177,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

About RBB Bancorp

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.