Analysts Set RBB Bancorp (NASDAQ:RBB) Target Price at $22.33

Shares of RBB Bancorp (NASDAQ:RBB) have earned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $22.3333.

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RBB Bancorp in a research report on Friday, October 31st. Zacks Research cut shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen upgraded shares of RBB Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Keefe, Bruyette & Woods upped their price objective on RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, October 22nd. Finally, Piper Sandler lifted their target price on RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd.

RBB Bancorp Stock Performance

Shares of RBB opened at $20.98 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a market cap of $357.71 million, a P/E ratio of 14.08 and a beta of 1.08. The business’s 50 day moving average price is $20.47 and its 200-day moving average price is $19.40. RBB Bancorp has a 52 week low of $14.40 and a 52 week high of $22.58.

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

RBB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Friday, October 31st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, October 31st. RBB Bancorp’s dividend payout ratio (DPR) is presently 42.95%.

Institutional Trading of RBB Bancorp

A number of large investors have recently made changes to their positions in the stock. FJ Capital Management LLC lifted its position in RBB Bancorp by 0.6% during the second quarter. FJ Capital Management LLC now owns 1,766,083 shares of the company’s stock valued at $30,394,000 after purchasing an additional 10,077 shares during the period. Dimensional Fund Advisors LP grew its position in RBB Bancorp by 2.9% in the 3rd 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 period. Geode Capital Management LLC raised its stake in RBB Bancorp by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 362,884 shares of the company’s stock valued at $6,246,000 after buying an additional 14,751 shares during the last quarter. Rhino Investment Partners Inc lifted its holdings in shares of RBB Bancorp by 3.4% during the 3rd quarter. Rhino Investment Partners Inc now owns 253,190 shares of the company’s stock valued at $4,750,000 after buying an additional 8,317 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in 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. 40.14% of the stock is currently owned by institutional investors.

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.