Insider Selling: RBB Bancorp (NASDAQ:RBB) EVP Sells 1,451 Shares of Stock

RBB Bancorp (NASDAQ:RBB) EVP Gary Fan sold 1,451 shares of RBB Bancorp stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $16.73, for a total value of $24,275.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

RBB Bancorp Price Performance

RBB stock opened at $17.07 on Friday. The stock has a market cap of $302.82 million, a PE ratio of 11.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. RBB Bancorp has a one year low of $14.40 and a one year high of $25.30. The firm has a 50 day simple moving average of $16.05 and a two-hundred day simple moving average of $18.41.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, April 28th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.25). The business had revenue of $28.46 million during the quarter, compared to the consensus estimate of $28.98 million. RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. On average, analysts predict that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp declared that its board has authorized a stock buyback program on Thursday, May 29th that allows the company to repurchase $18.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

RBB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Wednesday, April 30th. RBB Bancorp’s payout ratio is currently 55.17%.

Institutional Trading of RBB Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of RBB. Barclays PLC raised its position in shares of RBB Bancorp by 14.1% during the 4th quarter. Barclays PLC now owns 24,497 shares of the company’s stock valued at $502,000 after buying an additional 3,020 shares in the last quarter. JPMorgan Chase & Co. boosted its position in RBB Bancorp by 101.2% during the fourth quarter. JPMorgan Chase & Co. now owns 101,131 shares of the company’s stock valued at $2,072,000 after purchasing an additional 50,867 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in RBB Bancorp by 222.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,340 shares of the company’s stock worth $847,000 after purchasing an additional 28,507 shares during the last quarter. Empowered Funds LLC raised its stake in RBB Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock valued at $1,143,000 after buying an additional 2,662 shares during the last quarter. Finally, American Century Companies Inc. grew its position in RBB Bancorp by 12.2% during the 4th quarter. American Century Companies Inc. now owns 343,644 shares of the company’s stock worth $7,041,000 after purchasing an additional 37,282 shares during the last quarter. Hedge funds and other institutional investors 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.