RBB Bancorp (NASDAQ:RBB) Stock Gets Price Target Bump from Keefe, Bruyette & Woods

RBB Bancorp (NASDAQ:RBB) had its price objective raised by stock analysts at Keefe, Bruyette & Woods from $29.00 to $30.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 15.45% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research cut shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of RBB Bancorp in a research report on Monday. Finally, Stephens upped their price target on RBB Bancorp from $26.00 to $29.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.25.

RBB Bancorp Stock Down 0.6%

Shares of NASDAQ:RBB traded down $0.14 during midday trading on Wednesday, reaching $25.99. The company’s stock had a trading volume of 30,342 shares, compared to its average volume of 113,445. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $26.41 and a 200-day moving average of $25.44. The firm has a market capitalization of $439.58 million, a P/E ratio of 10.09 and a beta of 1.04. RBB Bancorp has a 12-month low of $18.20 and a 12-month high of $28.24.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings results on Monday, October 19th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.16. RBB Bancorp had a net margin of 18.02% and a return on equity of 8.35%. The company had revenue of $36.87 million during the quarter, compared to analysts’ expectations of $34.43 million. On average, research analysts anticipate that RBB Bancorp will post 2.42 earnings per share for the current year.

Hedge Funds Weigh In On RBB Bancorp

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in RBB Bancorp during the 2nd quarter valued at about $35,424,000. Dimensional Fund Advisors LP raised its holdings in RBB Bancorp by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 830,214 shares of the company’s stock worth $17,742,000 after buying an additional 16,695 shares during the last quarter. Rhino Investment Partners Inc raised its holdings in RBB Bancorp by 9.4% in the first quarter. Rhino Investment Partners Inc now owns 338,810 shares of the company’s stock worth $7,240,000 after buying an additional 29,070 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of RBB Bancorp by 48.2% in the first quarter. Hillsdale Investment Management Inc. now owns 221,400 shares of the company’s stock worth $4,731,000 after buying an additional 72,000 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of RBB Bancorp in the second quarter worth approximately $4,283,000. Institutional investors own 40.14% of the company’s stock.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides commercial banking and financial services to businesses, professionals and individuals, with a focus on serving small and mid-sized companies and the communities in which they operate.

Royal Business Bank offers business and consumer deposit accounts, certificates of deposit, cash-management services, online banking and other treasury-management solutions.