RBB Bancorp (NASDAQ:RBB) Short Interest Up 19.8% in January

RBB Bancorp (NASDAQ:RBB) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 109,700 shares, a growth of 19.8% from the January 15th total of 91,600 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 50,000 shares, the short-interest ratio is currently 2.2 days.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price target 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. Piper Sandler cut their price target on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Stephens cut their price target on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th.

Insider Buying and Selling

In other RBB Bancorp news, EVP Gary Fan sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.45, for a total value of $281,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.63% of the stock is currently owned by corporate insiders.

Institutional Trading of RBB Bancorp

A number of institutional investors have recently added to or reduced their stakes in RBB. Rhino Investment Partners Inc lifted its holdings in shares of RBB Bancorp by 231.8% in the fourth quarter. Rhino Investment Partners Inc now owns 513,546 shares of the company’s stock valued at $10,523,000 after purchasing an additional 358,779 shares in the last quarter. Zacks Investment Management acquired a new position in RBB Bancorp during the third quarter worth approximately $1,208,000. JPMorgan Chase & Co. increased its position in RBB Bancorp by 101.2% during the fourth quarter. JPMorgan Chase & Co. now owns 101,131 shares of the company’s stock worth $2,072,000 after purchasing an additional 50,867 shares during the last quarter. American Century Companies Inc. increased its position in shares of RBB Bancorp by 12.2% in the fourth quarter. American Century Companies Inc. now owns 343,644 shares of the company’s stock worth $7,041,000 after acquiring an additional 37,282 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of RBB Bancorp by 222.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,340 shares of the company’s stock worth $847,000 after acquiring an additional 28,507 shares in the last quarter. Hedge funds and other institutional investors own 40.14% of the company’s stock.

RBB Bancorp Stock Performance

Shares of NASDAQ:RBB traded up $0.07 during midday trading on Friday, hitting $17.69. The stock had a trading volume of 44,888 shares, compared to its average volume of 53,336. The company has a market capitalization of $312.94 million, a PE ratio of 12.12 and a beta of 0.97. The stock has a 50 day moving average price of $20.23 and a two-hundred day moving average price of $21.98. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. RBB Bancorp has a 1 year low of $16.54 and a 1 year high of $25.30.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, February 3rd. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. As a group, equities analysts predict that RBB Bancorp will post 1.62 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Friday, January 31st. RBB Bancorp’s dividend payout ratio is currently 43.84%.

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.