RBB Bancorp (NASDAQ:RBB) Short Interest Down 38.0% in December

RBB Bancorp (NASDAQ:RBB) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 113,739 shares, a decline of 38.0% from the December 15th total of 183,356 shares. Based on an average trading volume of 51,161 shares, the short-interest ratio is currently 2.2 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average trading volume of 51,161 shares, the short-interest ratio is currently 2.2 days.

RBB Bancorp Trading Down 1.4%

Shares of RBB stock opened at $21.56 on Friday. The stock has a market capitalization of $367.60 million, a price-to-earnings ratio of 14.47 and a beta of 1.08. The company’s fifty day simple moving average is $20.73 and its two-hundred day simple moving average is $19.55. RBB Bancorp has a 1 year low of $14.40 and a 1 year high of $22.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, October 20th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.18. RBB Bancorp had a return on equity of 5.10% and a net margin of 11.12%.The company had revenue of $32.57 million during the quarter, compared to analysts’ expectations of $31.72 million. During the same period in the previous year, the business earned $0.39 earnings per share. As a group, analysts anticipate that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, October 31st. RBB Bancorp’s dividend payout ratio (DPR) is 42.95%.

Institutional Trading of RBB Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. FJ Capital Management LLC increased its holdings in shares of RBB Bancorp by 0.6% in the second quarter. FJ Capital Management LLC now owns 1,766,083 shares of the company’s stock worth $30,394,000 after purchasing an additional 10,077 shares during the period. Dimensional Fund Advisors LP increased its position in shares of RBB Bancorp by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 808,520 shares of the company’s stock worth $15,168,000 after purchasing an additional 22,509 shares during the last quarter. Geode Capital Management LLC raised its stake in RBB Bancorp by 4.2% in the second quarter. Geode Capital Management LLC now owns 362,884 shares of the company’s stock valued at $6,246,000 after purchasing an additional 14,751 shares in the last quarter. Rhino Investment Partners Inc grew its stake in RBB Bancorp by 3.4% in the 3rd quarter. Rhino Investment Partners Inc now owns 253,190 shares of the company’s stock worth $4,750,000 after buying an additional 8,317 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of RBB Bancorp by 80.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 200,190 shares of the company’s stock worth $3,756,000 after buying an additional 89,035 shares during the last quarter. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Piper Sandler upped their price objective on RBB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of RBB Bancorp in a research note on Friday, October 31st. Keefe, Bruyette & Woods raised their price target on shares of RBB Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of RBB Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Finally, Zacks Research lowered shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, RBB Bancorp presently has a consensus rating of “Hold” and an average price target of $22.33.

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.