RBB Bancorp (NASDAQ:RBB) Research Coverage Started at Hovde Group

Hovde Group initiated coverage on shares of RBB Bancorp (NASDAQ:RBB) in a research report report published on Monday, Marketbeat reports. The brokerage issued a market perform rating and a $19.00 target price on the stock.

Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of RBB Bancorp from a c+ rating to a b- rating in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods raised their price objective on shares of RBB Bancorp from $18.00 to $20.00 and gave the company a market perform rating in a research note on Wednesday, January 24th. Finally, Stephens restated an equal weight rating and set a $19.00 price objective on shares of RBB Bancorp in a report on Tuesday, January 23rd. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, RBB Bancorp has an average rating of Hold and a consensus price target of $18.00.

RBB Bancorp Stock Performance

Shares of RBB opened at $18.50 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. The company’s 50 day simple moving average is $17.42 and its 200-day simple moving average is $16.62. RBB Bancorp has a 12-month low of $8.62 and a 12-month high of $20.22. The firm has a market cap of $344.47 million, a PE ratio of 8.11 and a beta of 0.96.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Tuesday, April 23rd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The company had revenue of $58.17 million during the quarter, compared to the consensus estimate of $27.40 million. RBB Bancorp had a return on equity of 7.74% and a net margin of 17.69%. During the same quarter last year, the company earned $0.58 earnings per share. As a group, equities analysts predict that RBB Bancorp will post 1.47 EPS for the current year.

RBB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Wednesday, May 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Tuesday, April 30th. RBB Bancorp’s dividend payout ratio is presently 28.07%.

Insider Buying and Selling at RBB Bancorp

In other news, Director James Kao purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was bought at an average cost of $17.02 per share, for a total transaction of $85,100.00. Following the completion of the acquisition, the director now directly owns 485,376 shares of the company’s stock, valued at $8,261,099.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought 35,977 shares of company stock worth $624,060 over the last ninety days. Company insiders own 6.63% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd increased its holdings in shares of RBB Bancorp by 20.3% during the fourth quarter. Quadrature Capital Ltd now owns 13,004 shares of the company’s stock worth $248,000 after buying an additional 2,191 shares in the last quarter. AJOVista LLC bought a new position in RBB Bancorp in the fourth quarter valued at approximately $59,000. New York State Common Retirement Fund boosted its position in shares of RBB Bancorp by 101.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock worth $170,000 after purchasing an additional 4,503 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of RBB Bancorp by 0.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 78,338 shares of the company’s stock worth $1,492,000 after purchasing an additional 641 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of RBB Bancorp during the fourth quarter worth $177,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

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.