RBB Bancorp’s (RBB) “Market Perform” Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of RBB Bancorp (NASDAQ:RBB) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $22.00 price objective on the stock, up from their prior price objective of $20.00.

Several other equities research analysts also recently commented on RBB. TheStreet upgraded RBB Bancorp from a c+ rating to a b- rating in a report on Wednesday, December 27th. Hovde Group assumed coverage on RBB Bancorp in a report on Monday, April 22nd. They set a market perform rating and a $19.00 price objective for the company. Finally, Stephens restated an equal weight rating and set a $20.00 price objective on shares of RBB Bancorp in a report on Tuesday, April 23rd. Four analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $18.50.

RBB Bancorp Trading Down 0.1 %

Shares of RBB stock opened at $18.06 on Thursday. The company has a market cap of $336.18 million, a P/E ratio of 7.92 and a beta of 0.96. The stock has a 50 day simple moving average of $17.43 and a two-hundred day simple moving average of $16.68. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. RBB Bancorp has a fifty-two week low of $8.62 and a fifty-two week high of $20.22.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Tuesday, April 23rd. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The business had revenue of $58.17 million during the quarter, compared to the consensus estimate of $27.40 million. RBB Bancorp had a return on equity of 7.74% and a net margin of 17.69%. During the same period in the previous year, the company posted $0.58 earnings per share. Research analysts forecast that RBB Bancorp will post 1.49 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Wednesday, May 1st will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.54%. RBB Bancorp’s payout ratio is 28.07%.

Insider Activity at RBB Bancorp

In related news, Director James Kao bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $16.95 per share, with a total value of $67,800.00. Following the completion of the transaction, the director now directly owns 505,376 shares in the company, valued at $8,566,123.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 35,977 shares of company stock valued at $624,060 over the last 90 days. Insiders own 6.63% of the company’s stock.

Institutional Trading of RBB Bancorp

Several hedge funds have recently made changes to their positions in the company. Wedge Capital Management L L P NC raised its stake in shares of RBB Bancorp by 0.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,338 shares of the company’s stock valued at $1,492,000 after buying an additional 641 shares during the period. Quadrature Capital Ltd raised its stake in shares of RBB Bancorp by 20.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,004 shares of the company’s stock valued at $248,000 after purchasing an additional 2,191 shares during the period. SG Americas Securities LLC bought a new stake in shares of RBB Bancorp during the 4th quarter valued at $177,000. New York State Common Retirement Fund raised its stake in shares of RBB Bancorp by 101.4% during the 4th quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock valued at $170,000 after purchasing an additional 4,503 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of RBB Bancorp by 36.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company’s stock valued at $44,000 after purchasing an additional 929 shares during the period. 40.14% of the stock is currently owned by institutional investors.

RBB Bancorp Company Profile

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.