Insider Selling: RBB Bancorp (NASDAQ:RBB) CEO Sells 9,000 Shares of Stock

RBB Bancorp (NASDAQ:RBB) CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total transaction of $224,010.00. Following the sale, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at approximately $938,900.58. The trade was a 19.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

RBB Bancorp Trading Up 0.9 %

RBB stock traded up $0.22 during trading on Thursday, reaching $24.83. 52,521 shares of the stock were exchanged, compared to its average volume of 51,688. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average price of $23.06 and a 200-day moving average price of $20.96. RBB Bancorp has a 1 year low of $14.84 and a 1 year high of $25.30. The firm has a market capitalization of $439.32 million, a price-to-earnings ratio of 13.42 and a beta of 0.95.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $60.17 million for the quarter, compared to the consensus estimate of $28.17 million. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. During the same period in the prior year, the firm earned $0.63 EPS. On average, research analysts predict that RBB Bancorp will post 1.58 earnings per share for the current year.

RBB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, October 31st. RBB Bancorp’s dividend payout ratio is presently 34.59%.

Hedge Funds Weigh In On RBB Bancorp

Several hedge funds have recently bought and sold shares of RBB. BNP Paribas Financial Markets boosted its stake in RBB Bancorp by 13.5% in the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock valued at $86,000 after acquiring an additional 444 shares during the period. CWM LLC lifted its position in RBB Bancorp by 21.7% during the 2nd quarter. CWM LLC now owns 4,594 shares of the company’s stock worth $86,000 after acquiring an additional 818 shares during the last quarter. Rhumbline Advisers raised its position in shares of RBB Bancorp by 3.9% during the second quarter. Rhumbline Advisers now owns 25,076 shares of the company’s stock valued at $472,000 after buying an additional 932 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of RBB Bancorp by 4.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 45,707 shares of the company’s stock valued at $823,000 after purchasing an additional 2,105 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in RBB Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 53,098 shares of the company’s stock valued at $1,222,000 after buying an additional 2,680 shares during the period. 40.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RBB has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on shares of RBB Bancorp from $21.00 to $21.50 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Stephens reaffirmed an “equal weight” rating and issued a $20.00 price target on shares of RBB Bancorp in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, RBB Bancorp presently has an average rating of “Hold” and an average target price of $20.88.

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.