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 note released on Tuesday, Benzinga reports. They currently have a $20.00 price objective on the stock.

A number of other analysts have also recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on RBB Bancorp from $18.00 to $20.00 and gave the company a market perform rating in a research report on Wednesday, January 24th. Hovde Group initiated coverage on RBB Bancorp in a research report on Monday. They set a market perform rating and a $19.00 price objective for the company. Finally, TheStreet raised RBB Bancorp from a c+ rating to a b- rating in a research report on Wednesday, December 27th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $18.00.

RBB Bancorp Stock Performance

Shares of RBB stock opened at $18.25 on Tuesday. RBB Bancorp has a 1-year low of $8.62 and a 1-year 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. The company has a market capitalization of $339.82 million, a price-to-earnings ratio of 7.55 and a beta of 0.96. The stock’s fifty day simple moving average is $17.40 and its 200-day simple moving average is $16.58.

RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $58.17 million during the quarter, compared to analysts’ expectations of $27.40 million. RBB Bancorp had a return on equity of 8.36% and a net margin of 19.06%. During the same quarter last year, the firm earned $0.58 earnings per share. On average, sell-side analysts predict that RBB Bancorp will post 1.47 earnings per share for the current fiscal year.

RBB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Wednesday, May 1st will be given a $0.16 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.51%. RBB Bancorp’s dividend payout ratio is currently 26.34%.

Insiders Place Their Bets

In related news, Director James Kao purchased 5,000 shares of RBB Bancorp stock in a transaction on Tuesday, February 6th. The stock was bought at an average price of $17.02 per share, with a total value of $85,100.00. Following the completion of the transaction, the director now directly owns 485,376 shares of the company’s stock, valued at $8,261,099.52. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders purchased 35,977 shares of company stock valued at $624,060 over the last quarter. Insiders own 6.63% of the company’s stock.

Institutional Trading of RBB Bancorp

Several hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd boosted its stake in RBB Bancorp by 20.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,004 shares of the company’s stock valued at $248,000 after purchasing an additional 2,191 shares during the period. AJOVista LLC bought a new stake in RBB Bancorp during the 4th quarter valued at approximately $59,000. New York State Common Retirement Fund boosted its stake in RBB Bancorp by 101.4% during the 4th quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock valued at $170,000 after purchasing an additional 4,503 shares during the period. Wedge Capital Management L L P NC boosted its stake 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 purchasing an additional 641 shares during the period. Finally, SG Americas Securities LLC bought a new stake in RBB Bancorp during the 4th quarter valued at approximately $177,000. 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.