RBB Bancorp (NASDAQ:RBB) Upgraded by Zacks Research to “Strong-Buy” Rating

RBB Bancorp (NASDAQ:RBB) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods lifted their price objective on RBB Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday. Wall Street Zen raised RBB Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Piper Sandler lifted their price objective on RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RBB Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.33.

RBB Bancorp Stock Down 0.4%

Shares of RBB Bancorp stock opened at $18.98 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. RBB Bancorp has a 12 month low of $14.40 and a 12 month high of $25.30. The business has a fifty day simple moving average of $19.09 and a 200 day simple moving average of $17.78. The stock has a market cap of $327.41 million, a PE ratio of 12.74 and a beta of 1.07.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Monday, October 20th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.18. RBB Bancorp had a return on equity of 5.11% and a net margin of 11.12%.The business had revenue of $31.95 million during the quarter, compared to analysts’ expectations of $31.72 million. During the same period in the previous year, the firm earned $0.39 earnings per share. Research analysts predict that RBB Bancorp will post 1.63 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FJ Capital Management LLC grew its stake in RBB Bancorp by 0.6% in the second quarter. FJ Capital Management LLC now owns 1,766,083 shares of the company’s stock valued at $30,394,000 after acquiring an additional 10,077 shares during the period. American Century Companies Inc. boosted its position in shares of RBB Bancorp by 8.7% during the first quarter. American Century Companies Inc. now owns 373,405 shares of the company’s stock worth $6,161,000 after buying an additional 29,761 shares during the period. Geode Capital Management LLC boosted its position in shares of RBB Bancorp by 4.2% during the second quarter. Geode Capital Management LLC now owns 362,884 shares of the company’s stock worth $6,246,000 after buying an additional 14,751 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of RBB Bancorp by 6.9% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 171,400 shares of the company’s stock worth $2,828,000 after buying an additional 11,000 shares during the period. Finally, Fourthstone LLC acquired a new position in shares of RBB Bancorp during the second quarter worth about $2,830,000. 40.14% of the stock is owned by institutional investors and hedge funds.

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.