MetLife Investment Management LLC Raises Holdings in RBB Bancorp (NASDAQ:RBB)

MetLife Investment Management LLC increased its position in shares of RBB Bancorp (NASDAQ:RBB) by 14.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,315 shares of the company’s stock after purchasing an additional 1,336 shares during the period. MetLife Investment Management LLC’s holdings in RBB Bancorp were worth $211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in RBB. Barclays PLC boosted its position in RBB Bancorp by 285.6% during the third quarter. Barclays PLC now owns 21,477 shares of the company’s stock valued at $495,000 after purchasing an additional 15,907 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of RBB Bancorp by 101.2% in the 4th quarter. JPMorgan Chase & Co. now owns 101,131 shares of the company’s stock valued at $2,072,000 after buying an additional 50,867 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in RBB Bancorp by 222.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,340 shares of the company’s stock valued at $847,000 after acquiring an additional 28,507 shares during the last quarter. Empowered Funds LLC lifted its position in RBB Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock valued at $1,143,000 after acquiring an additional 2,662 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in RBB Bancorp by 12.2% in the fourth quarter. American Century Companies Inc. now owns 343,644 shares of the company’s stock valued at $7,041,000 after acquiring an additional 37,282 shares in the last quarter. 40.14% of the stock is currently owned by institutional investors.

RBB Bancorp Stock Performance

Shares of RBB opened at $16.07 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50-day moving average of $16.17 and a two-hundred day moving average of $19.43. The stock has a market cap of $285.07 million, a P/E ratio of 11.01 and a beta of 1.04. RBB Bancorp has a one year low of $14.40 and a one year high of $25.30.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, April 28th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.25). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. The firm had revenue of $28.46 million for the quarter, compared to analyst estimates of $28.98 million. As a group, research analysts predict that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 3.98%. RBB Bancorp’s dividend payout ratio is presently 55.17%.

Insider Activity at RBB Bancorp

In related news, Director James Kao acquired 3,352 shares of the stock in a transaction on Friday, February 21st. The shares were acquired at an average price of $17.31 per share, for a total transaction of $58,023.12. Following the transaction, the director now owns 551,863 shares in the company, valued at approximately $9,552,748.53. This trade represents a 0.61 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired 9,924 shares of company stock worth $171,398 over the last three months. Company insiders own 4.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on RBB. Piper Sandler decreased their price objective on RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Stephens lowered their price target on RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating for the company in a research report on Friday, February 7th.

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.