RBB Bancorp’s Quiet Period Will End on September 4th (NYSE:RBB)
RBB Bancorp’s (NYSE:RBB) quiet period is set to expire on Monday, September 4th. RBB Bancorp had issued 3,750,000 shares in its public offering on July 26th. The total size of the offering was $86,250,000 based on an initial share price of $23.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods assumed coverage on RBB Bancorp in a report on Monday, August 21st. They set an “outperform” rating and a $25.00 price objective for the company. Sandler O’Neill assumed coverage on RBB Bancorp in a report on Monday, August 21st. They set a “buy” rating and a $25.00 price objective for the company. Finally, Stephens assumed coverage on RBB Bancorp in a report on Tuesday. They set an “overweight” rating and a $25.00 price objective for the company.
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Shares of RBB Bancorp (NYSE RBB) traded down 0.04% during trading on Friday, reaching $22.59. The company’s stock had a trading volume of 4,027 shares. The firm’s 50-day moving average price is $22.68 and its 200-day moving average price is $21.34. RBB Bancorp has a one year low of $21.75 and a one year high of $24.19.
RBB Bancorp Company Profile
RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank.
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