RBB Bancorp (NASDAQ:RBB) Given Average Rating of “Moderate Buy” by Analysts

Shares of RBB Bancorp (NASDAQ:RBB) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $23.3333.

RBB has been the topic of several research analyst reports. Weiss Ratings upgraded RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Zacks Research upgraded RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Hovde Group boosted their price target on RBB Bancorp from $23.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen downgraded RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st.

Insiders Place Their Bets

In other RBB Bancorp news, Director David Richard Morris sold 4,500 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $23.90, for a total transaction of $107,550.00. Following the transaction, the director owned 43,422 shares in the company, valued at approximately $1,037,785.80. This represents a 9.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gary Fan sold 6,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $24.04, for a total value of $144,240.00. Following the transaction, the executive vice president owned 1,437 shares in the company, valued at $34,545.48. This represents a 80.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 20,500 shares of company stock worth $494,090. 6.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RBB Bancorp

A number of hedge funds have recently made changes to their positions in RBB. Hillsdale Investment Management Inc. acquired a new position in shares of RBB Bancorp during the fourth quarter valued at approximately $3,084,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of RBB Bancorp by 80.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 200,190 shares of the company’s stock valued at $3,756,000 after acquiring an additional 89,035 shares during the last quarter. North Reef Capital Management LP acquired a new position in shares of RBB Bancorp during the first quarter valued at approximately $1,371,000. Millennium Management LLC raised its holdings in shares of RBB Bancorp by 213.9% during the third quarter. Millennium Management LLC now owns 64,005 shares of the company’s stock valued at $1,201,000 after acquiring an additional 43,617 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new position in shares of RBB Bancorp during the fourth quarter valued at approximately $856,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

RBB Bancorp Stock Performance

Shares of RBB Bancorp stock opened at $22.93 on Friday. The company has a market capitalization of $388.43 million, a PE ratio of 9.72 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $22.35 and a two-hundred day simple moving average of $21.42. RBB Bancorp has a one year low of $15.94 and a one year high of $24.73.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, April 20th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.21. RBB Bancorp had a return on equity of 7.85% and a net margin of 16.76%.The company had revenue of $34.75 million for the quarter, compared to analyst estimates of $32.38 million. Research analysts expect that RBB Bancorp will post 2.35 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 2.8%. RBB Bancorp’s dividend payout ratio is currently 27.12%.

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.