Insider Buying: RBB Bancorp (NASDAQ:RBB) Director Acquires $102,750.40 in Stock

RBB Bancorp (NASDAQ:RBB) Director James Kao purchased 5,960 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of $17.24 per share, for a total transaction of $102,750.40. Following the completion of the transaction, the director now owns 557,823 shares in the company, valued at approximately $9,616,868.52. This represents a 1.08 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

James Kao also recently made the following trade(s):

• On Friday, February 21st, James Kao bought 3,352 shares of RBB Bancorp stock. The shares were acquired at an average price of $17.31 per share, with a total value of $58,023.12.

RBB Bancorp Stock Performance

Shares of RBB opened at $17.50 on Friday. The firm has a fifty day moving average of $19.26 and a 200-day moving average of $21.72. The company has a market cap of $309.63 million, a price-to-earnings ratio of 11.99 and a beta of 0.97. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. RBB Bancorp has a 1 year low of $16.54 and a 1 year high of $25.30.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, February 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 anticipate that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Friday, January 31st. RBB Bancorp’s dividend payout ratio (DPR) is 43.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on RBB shares. Stephens reduced 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 report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their target price on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating on the stock in a report on Friday, February 7th. Finally, Piper Sandler lowered their target price on RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th.

Institutional Trading of RBB Bancorp

Large investors have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in RBB Bancorp during the 4th quarter worth $29,000. Tower Research Capital LLC TRC raised its stake in shares of RBB Bancorp by 195.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company’s stock valued at $36,000 after purchasing an additional 1,149 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in RBB Bancorp by 13.5% in the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after purchasing an additional 444 shares during the period. SG Americas Securities LLC lifted its holdings in RBB Bancorp by 20.0% in the fourth quarter. SG Americas Securities LLC now owns 6,992 shares of the company’s stock worth $143,000 after purchasing an additional 1,167 shares during the period. Finally, Wells Fargo & Company MN grew its position in RBB Bancorp by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,564 shares of the company’s stock valued at $196,000 after buying an additional 1,925 shares in the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

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.