RBB Bancorp (NASDAQ:RBB) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of RBB Bancorp (NASDAQ:RBB) from a hold rating to a sell rating in a research note published on Saturday, BidAskClub reports.

Other analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods set a $21.00 price objective on RBB Bancorp and gave the stock a hold rating in a research report on Wednesday, September 18th. ValuEngine cut RBB Bancorp from a hold rating to a sell rating in a research report on Friday, January 10th. Finally, Zacks Investment Research cut RBB Bancorp from a hold rating to a sell rating in a research report on Friday, January 10th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $21.50.

RBB Bancorp stock opened at $20.70 on Friday. The stock has a market cap of $410.83 million, a PE ratio of 9.72 and a beta of 1.14. The stock has a 50-day moving average price of $20.76 and a 200 day moving average price of $19.79. RBB Bancorp has a 52 week low of $17.68 and a 52 week high of $22.95. The company has a current ratio of 1.14, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $26.31 million during the quarter, compared to analysts’ expectations of $27.01 million. RBB Bancorp had a return on equity of 9.81% and a net margin of 23.88%. On average, equities analysts predict that RBB Bancorp will post 1.85 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC purchased a new stake in RBB Bancorp in the 3rd quarter valued at about $593,000. Squarepoint Ops LLC purchased a new stake in RBB Bancorp in the 3rd quarter valued at about $206,000. State Street Corp grew its holdings in RBB Bancorp by 4.2% in the 3rd quarter. State Street Corp now owns 277,953 shares of the company’s stock valued at $5,473,000 after buying an additional 11,208 shares during the period. Russell Investments Group Ltd. purchased a new stake in RBB Bancorp in the 3rd quarter valued at about $241,000. Finally, Rhumbline Advisers grew its holdings in RBB Bancorp by 9.7% in the 3rd quarter. Rhumbline Advisers now owns 23,529 shares of the company’s stock valued at $463,000 after buying an additional 2,071 shares during the period. Institutional investors own 30.82% 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 communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.

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