RBB Bancorp (NASDAQ:RBB) Director Chuang Lin Sells 10,000 Shares of Stock

RBB Bancorp (NASDAQ:RBB) Director Chuang Lin sold 10,000 shares of RBB Bancorp stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $24.23, for a total value of $242,300.00. Following the completion of the sale, the director directly owned 51,347 shares in the company, valued at approximately $1,244,137.81. The trade was a 16.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

RBB Bancorp Stock Down 0.6%

NASDAQ RBB opened at $24.05 on Friday. The stock has a 50 day moving average price of $22.17 and a 200-day moving average price of $21.24. RBB Bancorp has a one year low of $15.59 and a one year high of $24.73. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $410.53 million, a P/E ratio of 10.19 and a beta of 1.07.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, April 20th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.21. The company had revenue of $34.75 million for the quarter, compared to analysts’ expectations of $32.38 million. RBB Bancorp had a net margin of 16.76% and a return on equity of 7.90%. As a group, equities analysts predict that RBB Bancorp will post 2.35 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a $0.16 dividend. The ex-dividend date is Thursday, April 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.7%. RBB Bancorp’s payout ratio is 27.12%.

Wall Street Analyst Weigh In

RBB has been the subject of a number of analyst reports. Zacks Research raised shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of RBB Bancorp in a research note on Monday, April 27th. Wall Street Zen downgraded RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Hovde Group raised their price objective on RBB Bancorp from $23.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, RBB Bancorp currently has a consensus rating of “Hold” and an average price target of $23.33.

Institutional Investors Weigh In On RBB Bancorp

Several institutional investors have recently made changes to their positions in RBB. Torren Management LLC purchased a new position in shares of RBB Bancorp during the 4th quarter worth about $28,000. BNP Paribas Financial Markets lifted its stake in RBB Bancorp by 84.9% in the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock worth $31,000 after purchasing an additional 835 shares during the last quarter. CANADA LIFE ASSURANCE Co bought a new stake in RBB Bancorp in the fourth quarter worth about $34,000. PNC Financial Services Group Inc. boosted its position in shares of RBB Bancorp by 75.3% during the third quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the company’s stock valued at $102,000 after buying an additional 2,337 shares during the period. Finally, CWM LLC boosted its position in shares of RBB Bancorp by 95.8% during the third quarter. CWM LLC now owns 5,942 shares of the company’s stock valued at $111,000 after buying an additional 2,908 shares during the period. Institutional investors own 40.14% of the company’s stock.

About RBB Bancorp

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.