RBB Bancorp (NASDAQ:RBB) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of RBB Bancorp (NASDAQ:RBB) have earned an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $22.3333.

Several research firms have weighed in on RBB. Wall Street Zen raised RBB Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Zacks Research raised RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RBB Bancorp in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their target price on RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday. Finally, Piper Sandler lifted their target price on RBB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday.

Institutional Investors Weigh In On RBB Bancorp

Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in shares of RBB Bancorp by 5.0% during the 2nd quarter. First Trust Advisors LP now owns 11,647 shares of the company’s stock valued at $200,000 after buying an additional 555 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of RBB Bancorp by 84.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock valued at $31,000 after buying an additional 835 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in RBB Bancorp by 235.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,105 shares of the company’s stock worth $53,000 after purchasing an additional 2,178 shares during the last quarter. Royal Bank of Canada lifted its holdings in RBB Bancorp by 20.4% in the 1st quarter. Royal Bank of Canada now owns 16,312 shares of the company’s stock worth $268,000 after purchasing an additional 2,762 shares during the last quarter. Finally, CWM LLC lifted its holdings in RBB Bancorp by 95.8% in the 3rd quarter. CWM LLC now owns 5,942 shares of the company’s stock worth $111,000 after purchasing an additional 2,908 shares during the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

RBB Bancorp Trading Down 0.4%

Shares of RBB opened at $18.98 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. RBB Bancorp has a 1-year low of $14.40 and a 1-year high of $25.30. The business’s 50-day moving average price is $19.09 and its 200 day moving average price is $17.78. The stock has a market capitalization of $327.41 million, a P/E ratio of 12.74 and a beta of 1.07.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, October 20th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.18. RBB Bancorp had a return on equity of 5.11% and a net margin of 11.12%.The company had revenue of $31.95 million for the quarter, compared to analysts’ expectations of $31.72 million. During the same quarter in the previous year, the business posted $0.39 EPS. Analysts expect that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, October 31st. RBB Bancorp’s payout ratio is currently 42.95%.

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.