Insider Selling: RBB Bancorp (NASDAQ:RBB) EVP Sells 2,368 Shares of Stock

RBB Bancorp (NASDAQ:RBB) EVP Gary Fan sold 2,368 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $24.01, for a total transaction of $56,855.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gary Fan also recently made the following trade(s):

• On Wednesday, April 29th, Gary Fan sold 6,000 shares of RBB Bancorp stock. The stock was sold at an average price of $24.04, for a total transaction of $144,240.00.

RBB Bancorp Price Performance

Shares of NASDAQ:RBB traded down $0.05 during midday trading on Wednesday, hitting $23.85. The stock had a trading volume of 68,234 shares, compared to its average volume of 71,160. The company’s 50-day moving average price is $22.69 and its 200-day moving average price is $21.66. RBB Bancorp has a fifty-two week low of $15.94 and a fifty-two week high of $24.73. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $403.92 million, a P/E ratio of 10.11 and a beta of 1.07.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, April 20th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.21. RBB Bancorp had a net margin of 16.76% and a return on equity of 7.85%. The business had revenue of $34.75 million for the quarter, compared to analyst estimates of $32.38 million. As a group, equities research analysts predict that RBB Bancorp will post 2.35 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.16 dividend. The ex-dividend date was Thursday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 2.7%. RBB Bancorp’s dividend payout ratio (DPR) is presently 27.12%.

Institutional Investors Weigh In On RBB Bancorp

Hedge funds have recently modified their holdings of the company. Hillsdale Investment Management Inc. bought a new stake in RBB Bancorp during the 4th quarter worth $3,084,000. Arrowstreet Capital Limited Partnership raised its position in RBB Bancorp by 80.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 200,190 shares of the company’s stock valued at $3,756,000 after purchasing an additional 89,035 shares during the last quarter. North Reef Capital Management LP acquired a new stake in shares of RBB Bancorp during the first quarter valued at about $1,371,000. Millennium Management LLC grew its holdings in shares of RBB Bancorp by 213.9% during the third quarter. Millennium Management LLC now owns 64,005 shares of the company’s stock worth $1,201,000 after purchasing an additional 43,617 shares during the last quarter. Finally, Kennedy Capital Management LLC bought a new stake in shares of RBB Bancorp during the fourth quarter worth about $856,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on RBB shares. Hovde Group upped their price objective on RBB Bancorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Zacks Research raised RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings raised shares of RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Wall Street Zen lowered shares of RBB Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, RBB Bancorp presently has an average rating of “Moderate Buy” and a consensus price target of $23.33.

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.