RBB Bancorp (NASDAQ:RBB) Short Interest Up 38.0% in March

RBB Bancorp (NASDAQ:RBB) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 228,324 shares, an increase of 38.0% from the February 26th total of 165,449 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 77,970 shares, the days-to-cover ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

RBB has been the topic of a number of research analyst reports. Zacks Research lowered RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of RBB Bancorp in a report on Wednesday, January 28th. Finally, Wall Street Zen cut shares of RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, RBB Bancorp has an average rating of “Hold” and a consensus price target of $22.00.

Institutional Investors Weigh In On RBB Bancorp

Large investors have recently modified their holdings of the stock. Empowered Funds LLC increased its position in shares of RBB Bancorp by 10.8% during the fourth quarter. Empowered Funds LLC now owns 82,184 shares of the company’s stock valued at $1,696,000 after buying an additional 7,997 shares during the period. Azora Capital LP bought a new stake in RBB Bancorp during the 4th quarter valued at approximately $638,000. Bridgeway Capital Management LLC boosted its position in RBB Bancorp by 12.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 158,067 shares of the company’s stock valued at $3,263,000 after acquiring an additional 17,997 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of RBB Bancorp by 10.5% during the 4th quarter. AQR Capital Management LLC now owns 71,787 shares of the company’s stock worth $1,482,000 after acquiring an additional 6,805 shares during the period. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of RBB Bancorp in the 4th quarter worth approximately $221,000. Institutional investors own 40.14% of the company’s stock.

RBB Bancorp Trading Up 1.9%

NASDAQ RBB traded up $0.40 on Monday, hitting $21.28. The company’s stock had a trading volume of 66,476 shares, compared to its average volume of 66,093. The firm has a market cap of $362.76 million, a P/E ratio of 11.63 and a beta of 1.08. RBB Bancorp has a 52-week low of $14.40 and a 52-week high of $22.69. The company’s 50-day simple moving average is $21.52 and its 200 day simple moving average is $20.41. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Tuesday, January 27th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.10. RBB Bancorp had a return on equity of 6.19% and a net margin of 13.42%.The firm had revenue of $32.32 million for the quarter, compared to analysts’ expectations of $33.23 million. Research analysts predict that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $0.16 dividend. The ex-dividend date was Friday, January 30th. This represents a $0.64 annualized dividend and a yield of 3.0%. RBB Bancorp’s dividend payout ratio is 34.97%.

RBB Bancorp Company Profile

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.