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

Shares of RBB Bancorp (NASDAQ:RBBGet Free Report) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $23.3333.

A number of brokerages recently issued reports on RBB. Zacks Research raised shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Hovde Group upped their price objective on shares of RBB Bancorp from $23.00 to $26.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th.

Get Our Latest Analysis on RBB Bancorp

Insider Buying and Selling at RBB Bancorp

In other RBB Bancorp news, Director David Richard Morris sold 4,500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $23.90, for a total value of $107,550.00. Following the transaction, the director owned 43,422 shares of the company’s stock, valued at $1,037,785.80. This represents a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Chuang I. Lin sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $24.23, for a total transaction of $242,300.00. Following the completion of the transaction, the director directly owned 51,347 shares in the company, valued at $1,244,137.81. The trade was a 16.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,814 shares of company stock valued at $597,630 over the last 90 days. 6.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RBB. Torren Management LLC acquired a new position in RBB Bancorp in the fourth quarter valued at about $28,000. BNP Paribas Financial Markets lifted its position in RBB Bancorp by 84.9% in the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock valued at $31,000 after buying an additional 835 shares during the last quarter. CANADA LIFE ASSURANCE Co acquired a new position in RBB Bancorp in the fourth quarter valued at about $34,000. PNC Financial Services Group Inc. lifted its position in RBB Bancorp by 75.3% in the third quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the company’s stock valued at $102,000 after buying an additional 2,337 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in RBB Bancorp in the fourth quarter valued at about $112,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

RBB Bancorp Stock Performance

Shares of RBB opened at $24.50 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. RBB Bancorp has a 12-month low of $15.94 and a 12-month high of $24.87. The firm has a 50-day moving average price of $23.37 and a 200 day moving average price of $22.05. The firm has a market capitalization of $414.93 million, a P/E ratio of 10.38 and a beta of 1.05.

RBB Bancorp (NASDAQ:RBBGet Free Report) last announced its quarterly earnings data on Monday, April 20th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.21. RBB Bancorp had a net margin of 16.76% and a return on equity of 7.85%. The firm had revenue of $34.75 million during the quarter, compared to analyst estimates of $32.38 million. Sell-side analysts forecast that RBB Bancorp will post 2.35 EPS for the current year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 2.6%. RBB Bancorp’s dividend payout ratio is presently 27.12%.

About RBB Bancorp

(Get Free Report)

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.

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Analyst Recommendations for RBB Bancorp (NASDAQ:RBB)

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