RBB Bancorp’s (RBB) Equal Weight Rating Reaffirmed at Stephens

Stephens reiterated their equal weight rating on shares of RBB Bancorp (NASDAQ:RBB) in a research report sent to investors on Tuesday, Benzinga reports. Stephens currently has a $20.00 price target on the stock.

Several other brokerages also recently issued reports on RBB. Keefe, Bruyette & Woods lifted their target price on RBB Bancorp from $18.00 to $20.00 and gave the company a market perform rating in a research note on Wednesday, January 24th. TheStreet raised RBB Bancorp from a c+ rating to a b- rating in a research note on Wednesday, December 27th. Finally, Hovde Group began coverage on RBB Bancorp in a research note on Monday. They issued a market perform rating and a $19.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, According to MarketBeat, RBB Bancorp currently has a consensus rating of Hold and an average price target of $18.50.

RBB Bancorp Stock Down 2.3 %

Shares of RBB opened at $18.07 on Tuesday. The business’s 50 day moving average is $17.43 and its 200 day moving average is $16.64. The company has a market capitalization of $336.46 million, a PE ratio of 7.93 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 company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Tuesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.08. The company had revenue of $58.17 million for 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 quarter last year, the company earned $0.58 EPS. Research analysts expect that RBB Bancorp will post 1.47 earnings per share for the current fiscal year.

RBB Bancorp Dividend Announcement

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

Insider Transactions at RBB Bancorp

In related news, Director James Kao bought 4,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $16.95 per share, for a total transaction of $67,800.00. Following the acquisition, the director now owns 505,376 shares in the company, valued at $8,566,123.20. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders purchased 35,977 shares of company stock worth $624,060. 6.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RBB Bancorp

Large investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC boosted its holdings in RBB Bancorp by 0.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 78,338 shares of the company’s stock valued at $1,492,000 after acquiring an additional 641 shares during the period. Quadrature Capital Ltd purchased a new position in RBB Bancorp during the 3rd quarter valued at $138,000. SG Americas Securities LLC purchased a new position in RBB Bancorp during the 4th quarter valued at $177,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of RBB Bancorp by 36.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company’s stock worth $44,000 after buying an additional 929 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of RBB Bancorp by 101.4% in the 4th quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock worth $170,000 after buying an additional 4,503 shares during the period. Hedge funds and other institutional investors own 40.14% of the company’s stock.

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.