RBB Bancorp (NASDAQ:RBB) EVP Gary Fan Sells 2,368 Shares of Stock

RBB Bancorp (NASDAQ:RBB) EVP Gary Fan sold 2,368 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $24.01, for a total value of $56,855.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value of $144,240.00.

RBB Bancorp Stock Performance

RBB Bancorp stock opened at $23.85 on Thursday. 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 $404.02 million, a P/E ratio of 10.11 and a beta of 1.07. The stock’s 50 day moving average is $22.75 and its 200 day moving average is $21.70. RBB Bancorp has a twelve month low of $15.94 and a twelve month high of $24.73.

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

RBB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors 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 is presently 27.12%.

Institutional Trading of RBB Bancorp

Several institutional investors have recently added to or reduced their stakes in RBB. Torren Management LLC purchased a new stake in RBB Bancorp during the 4th quarter valued at $28,000. BNP Paribas Financial Markets boosted its stake in RBB Bancorp by 84.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock valued at $31,000 after purchasing an additional 835 shares during the last quarter. CANADA LIFE ASSURANCE Co purchased a new stake in RBB Bancorp during the 4th quarter valued at $34,000. PNC Financial Services Group Inc. boosted its stake in RBB Bancorp by 75.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the company’s stock valued at $102,000 after purchasing an additional 2,337 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in RBB Bancorp during the 4th quarter valued at $112,000. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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