RBB Bancorp (NASDAQ:RBB) Stock Has Consensus Price Target of $25.50 According to Brokerages

RBB Bancorp (NASDAQ:RBB – Get Free Report) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $25.50.

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

View Our Latest Stock Report on RBB

RBB Bancorp Stock Up 0.0%

Shares of NASDAQ:RBB opened at $25.70 on Wednesday. The firm has a market cap of $434.84 million, a P/E ratio of 10.58 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.55. RBB Bancorp has a 12-month low of $16.74 and a 12-month high of $28.24. The business has a fifty day simple moving average of $26.52 and a 200 day simple moving average of $25.28.

RBB Bancorp (NASDAQ:RBB – Get Free Report) last released its quarterly earnings results on Monday, July 20th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. RBB Bancorp had a return on equity of 7.94% and a net margin of 17.26%. The firm had revenue of $33.10 million for the quarter, compared to analyst estimates of $33.17 million. Analysts predict that RBB Bancorp will post 2.39 earnings per share for the current year.

RBB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were paid a dividend of $0.16 per share. 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 dividend payout ratio (DPR) is currently 26.34%.

Hedge Funds Weigh In On RBB Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. North Reef Capital Management LP acquired a new stake in RBB Bancorp during the first quarter worth approximately $1,371,000. BlackRock Inc. acquired a new position in RBB Bancorp in the second quarter valued at approximately $35,424,000. Walleye Capital LLC acquired a new position in RBB Bancorp in the second quarter valued at approximately $1,256,000. Algert Global LLC acquired a new position in RBB Bancorp in the second quarter valued at approximately $4,283,000. Finally, Bank of New York Mellon Corp bought a new position in shares of RBB Bancorp during the 2nd quarter worth approximately $2,684,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

RBB Bancorp Company Profile

(Get Free Report)

RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides commercial banking and financial services to businesses, professionals and individuals, with a focus on serving small and mid-sized companies and the communities in which they operate.

Royal Business Bank offers business and consumer deposit accounts, certificates of deposit, cash-management services, online banking and other treasury-management solutions.

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Analyst Recommendations for RBB Bancorp (NASDAQ:RBB)

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