Analysts Set RBB Bancorp (NASDAQ:RBB) Price Target at $25.50

RBB Bancorp (NASDAQ:RBBGet Free Report) has received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.50.

RBB has been the topic of several recent analyst reports. Zacks Research cut RBB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Hovde Group raised RBB Bancorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $26.00 to $29.00 in a report on Tuesday, June 16th. Weiss Ratings upgraded shares of RBB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Finally, Stephens upped their price objective on shares of RBB Bancorp from $26.00 to $29.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd.

View Our Latest Stock Analysis on RBB Bancorp

RBB Bancorp Trading Down 1.2%

RBB Bancorp stock opened at $25.95 on Tuesday. The stock has a market cap of $439.07 million, a P/E ratio of 10.68 and a beta of 1.03. RBB Bancorp has a fifty-two week low of $16.74 and a fifty-two week high of $28.24. The firm’s fifty day moving average price is $26.79 and its 200-day moving average price is $24.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.07.

RBB Bancorp (NASDAQ:RBBGet Free Report) last posted its quarterly earnings data on Monday, July 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $33.10 million during the quarter, compared to analyst estimates of $33.17 million. RBB Bancorp had a return on equity of 7.94% and a net margin of 17.26%. Equities research analysts forecast that RBB Bancorp will post 2.37 earnings per share for the current fiscal year.

RBB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, July 31st. RBB Bancorp’s payout ratio is currently 26.34%.

RBB Bancorp declared that its Board of Directors has approved a share buyback program on Monday, June 15th that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at RBB Bancorp

In other news, Director David Richard Morris sold 1,946 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $23.99, for a total transaction of $46,684.54. Following the sale, the director owned 43,422 shares in the company, valued at approximately $1,041,693.78. This trade represents a 4.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. purchased a new position in shares of RBB Bancorp in the 4th quarter worth about $3,084,000. North Reef Capital Management LP bought a new stake in shares of RBB Bancorp in the 1st quarter worth approximately $1,371,000. Walleye Capital LLC bought a new stake in shares of RBB Bancorp in the 2nd quarter worth approximately $1,256,000. Algert Global LLC purchased a new stake in shares of RBB Bancorp in the 2nd quarter valued at $4,283,000. Finally, GSA Capital Partners LLP boosted its stake in shares of RBB Bancorp by 224.7% in the 4th quarter. GSA Capital Partners LLP now owns 39,576 shares of the company’s stock valued at $817,000 after purchasing an additional 27,386 shares in the last quarter. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

Analyst Recommendations for RBB Bancorp (NASDAQ:RBB)

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