GSA Capital Partners LLP increased its stake in shares of RBB Bancorp (NASDAQ:RBB – Free Report) by 224.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 39,576 shares of the company’s stock after buying an additional 27,386 shares during the quarter. GSA Capital Partners LLP’s holdings in RBB Bancorp were worth $817,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in RBB Bancorp during the fourth quarter worth about $28,000. BNP Paribas Financial Markets increased its holdings in RBB Bancorp by 84.9% during the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock worth $31,000 after buying an additional 835 shares during the last quarter. SG Americas Securities LLC purchased a new stake in RBB Bancorp during the fourth quarter worth about $112,000. PNC Financial Services Group Inc. increased its holdings in RBB Bancorp by 75.3% during the third quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the company’s stock worth $102,000 after buying an additional 2,337 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in RBB Bancorp by 17.9% during the third quarter. Public Employees Retirement System of Ohio now owns 6,593 shares of the company’s stock worth $124,000 after buying an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 40.14% of the company’s stock.
RBB Bancorp Price Performance
Shares of NASDAQ:RBB opened at $23.76 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $402.49 million, a PE ratio of 10.07 and a beta of 1.07. RBB Bancorp has a twelve month low of $15.94 and a twelve month high of $24.73. The company has a 50-day moving average price of $22.58 and a two-hundred day moving average price of $21.57.
RBB Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, April 30th. RBB Bancorp’s dividend payout ratio (DPR) is currently 27.12%.
Insider Activity
In other news, Director David Richard Morris sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $23.90, for a total value of $107,550.00. Following the completion of the transaction, the director directly owned 43,422 shares in the company, valued at approximately $1,037,785.80. This trade represents a 9.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary Fan sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $24.04, for a total transaction of $144,240.00. Following the completion of the transaction, the executive vice president owned 1,437 shares of the company’s stock, valued at $34,545.48. This trade represents a 80.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 20,500 shares of company stock worth $494,090. 6.78% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Hovde Group raised their price objective on shares of RBB Bancorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, April 22nd. Zacks Research upgraded shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Wall Street Zen lowered shares of RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings upgraded shares of RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.
Check Out Our Latest Report on RBB Bancorp
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.
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