RBB Bancorp (NASDAQ:RBB – Get Free Report) has received an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $29.33.
A number of research firms have recently commented on RBB. Weiss Ratings reissued a “buy (b)” rating on shares of RBB Bancorp in a research note on Monday, October 19th. Stephens reaffirmed a “positive” rating on shares of RBB Bancorp in a research note on Thursday, October 22nd. Zacks Research cut RBB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on RBB Bancorp from $29.00 to $30.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 21st.
Check Out Our Latest Stock Analysis on RBB
RBB Bancorp Price Performance
Shares of NASDAQ RBB opened at $25.72 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a fifty day moving average of $26.20 and a 200 day moving average of $24.51. The firm has a market cap of $435.18 million, a PE ratio of 9.97 and a beta of 1.06. RBB Bancorp has a one year low of $18.45 and a one year high of $28.24.
RBB Bancorp (NASDAQ:RBB – Get Free Report) last posted its quarterly earnings data on Monday, October 19th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.16. RBB Bancorp had a net margin of 18.02% and a return on equity of 8.35%. The business had revenue of $36.87 million for the quarter, compared to the consensus estimate of $34.43 million. As a group, research analysts predict that RBB Bancorp will post 2.44 EPS for the current fiscal year.
RBB Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Friday, October 30th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, October 30th. RBB Bancorp’s dividend payout ratio (DPR) is 24.81%.
Institutional Trading of RBB Bancorp
Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in RBB Bancorp by 10.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,781 shares of the company’s stock worth $145,000 after buying an additional 636 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of RBB Bancorp by 82.2% during the third quarter. State of Alaska Department of Revenue now owns 1,527 shares of the company’s stock worth $38,000 after buying an additional 689 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of RBB Bancorp by 1.1% in the second quarter. Squarepoint Ops LLC now owns 68,007 shares of the company’s stock valued at $1,864,000 after acquiring an additional 709 shares during the period. Legal & General Group Plc bought a new stake in shares of RBB Bancorp in the second quarter valued at approximately $46,000. Finally, Russell Investments Group Ltd. boosted its position in shares of RBB Bancorp by 13.4% in the third quarter. Russell Investments Group Ltd. now owns 56,509 shares of the company’s stock valued at $1,473,000 after acquiring an additional 6,662 shares during the period. 40.14% of the stock is currently owned by hedge funds and other institutional investors.
RBB Bancorp Company Profile
RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides banking services to businesses, professionals and individuals, with an emphasis on serving small and middle-market companies and communities that are often connected to Asian-American and immigrant-owned businesses.
Royal Business Bank offers commercial and industrial loans, commercial real estate financing, small business and Small Business Administration lending, residential mortgage loans, construction financing and consumer loans.
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