Gary Fan Sells 1,451 Shares of RBB Bancorp (NASDAQ:RBB) Stock

RBB Bancorp (NASDAQ:RBB) EVP Gary Fan sold 1,451 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $16.73, for a total transaction of $24,275.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

RBB Bancorp Trading Up 3.0%

NASDAQ RBB opened at $17.07 on Friday. 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 12 month low of $14.40 and a 12 month high of $25.30. The company has a market capitalization of $302.82 million, a PE ratio of 11.69 and a beta of 1.04. The stock has a 50-day simple moving average of $16.05 and a 200 day simple moving average of $18.41.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.25). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. The company had revenue of $28.46 million for the quarter, compared to analyst estimates of $28.98 million. Research analysts forecast that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Wednesday, April 30th. RBB Bancorp’s dividend payout ratio is presently 55.17%.

RBB Bancorp declared that its board has approved a stock buyback plan on Thursday, May 29th that allows the company to repurchase $18.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Trading of RBB Bancorp

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in shares of 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 purchasing an additional 1,167 shares in the last quarter. Empowered Funds LLC grew its holdings in RBB Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock worth $1,143,000 after acquiring an additional 2,662 shares during the period. Rhumbline Advisers lifted its stake in RBB Bancorp by 6.0% in the fourth quarter. Rhumbline Advisers now owns 26,554 shares of the company’s stock valued at $544,000 after buying an additional 1,508 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of RBB Bancorp by 222.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,340 shares of the company’s stock valued at $847,000 after acquiring an additional 28,507 shares during the period. Finally, American Century Companies Inc. increased its position in RBB Bancorp by 12.2% in the 4th quarter. American Century Companies Inc. now owns 343,644 shares of the company’s stock valued at $7,041,000 after buying an additional 37,282 shares in the last quarter. Institutional investors own 40.14% of the company’s stock.

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.