Insider Buying: RBB Bancorp (NASDAQ:RBB) Director Buys $10,624.32 in Stock

RBB Bancorp (NASDAQ:RBB) Director James Kao purchased 612 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of $17.36 per share, with a total value of $10,624.32. Following the purchase, the director now directly owns 558,820 shares of the company’s stock, valued at $9,701,115.20. The trade was a 0.11 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, February 24th, James Kao acquired 5,960 shares of RBB Bancorp stock. The shares were bought at an average cost of $17.24 per share, for a total transaction of $102,750.40.
• On Friday, February 21st, James Kao acquired 3,352 shares of RBB Bancorp stock. The shares were bought at an average cost of $17.31 per share, for a total transaction of $58,023.12.

RBB Bancorp Stock Performance

Shares of RBB Bancorp stock opened at $17.50 on Thursday. The firm’s fifty day simple moving average is $19.04 and its 200-day simple moving average is $21.64. The stock has a market capitalization of $309.63 million, a price-to-earnings ratio of 11.99 and a beta of 0.95. RBB Bancorp has a 12 month low of $16.54 and a 12 month high of $25.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, February 3rd. The company reported $0.25 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 forecast that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Announces Dividend

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

Hedge Funds Weigh In On RBB Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of RBB. R Squared Ltd purchased a new position in RBB Bancorp in the 4th quarter valued at $29,000. Tower Research Capital LLC TRC grew its position in RBB Bancorp by 195.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company’s stock valued at $36,000 after buying an additional 1,149 shares during the last quarter. BNP Paribas Financial Markets grew its position in RBB Bancorp by 13.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock valued at $86,000 after buying an additional 444 shares during the last quarter. SG Americas Securities LLC grew its position in RBB Bancorp by 20.0% in the 4th quarter. SG Americas Securities LLC now owns 6,992 shares of the company’s stock valued at $143,000 after buying an additional 1,167 shares during the last quarter. 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 during the last quarter. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on RBB shares. Piper Sandler cut their price objective on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price objective 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, Stephens cut their price objective on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th.

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.