RBB Bancorp (NASDAQ:RBB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of RBB Bancorp (NASDAQ:RBB) have been given an average rating of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $23.3333.

A number of brokerages have recently weighed in on RBB. Zacks Research upgraded RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings upgraded RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Hovde Group boosted their target price on RBB Bancorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 22nd. Finally, Wall Street Zen downgraded RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st.

Insider Transactions at RBB Bancorp

In other news, Director David Richard Morris sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was 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 in the company, valued at $1,037,785.80. The trade was a 9.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chuang I. Lin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $24.23, for a total value of $242,300.00. Following the completion of the transaction, the director owned 51,347 shares in the company, valued at $1,244,137.81. The trade was a 16.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 20,500 shares of company stock worth $494,090 in the last 90 days. Insiders own 6.78% of the company’s stock.

Hedge Funds Weigh In On RBB Bancorp

Several institutional investors have recently bought and sold shares of the company. Rhino Investment Partners Inc lifted its stake in RBB Bancorp by 9.4% in the first quarter. Rhino Investment Partners Inc now owns 338,810 shares of the company’s stock valued at $7,240,000 after purchasing an additional 29,070 shares during the last quarter. Empowered Funds LLC lifted its stake in RBB Bancorp by 23.5% in the first quarter. Empowered Funds LLC now owns 101,463 shares of the company’s stock valued at $2,168,000 after purchasing an additional 19,279 shares during the last quarter. Quantinno Capital Management LP lifted its stake in RBB Bancorp by 47.9% in the first quarter. Quantinno Capital Management LP now owns 66,144 shares of the company’s stock valued at $1,413,000 after purchasing an additional 21,434 shares during the last quarter. North Reef Capital Management LP purchased a new position in RBB Bancorp in the first quarter valued at approximately $1,371,000. Finally, Sei Investments Co. purchased a new position in RBB Bancorp in the first quarter valued at approximately $356,000. Hedge funds and other institutional investors own 40.14% of the company’s stock.

RBB Bancorp Stock Performance

Shares of RBB opened at $23.76 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $22.58 and a two-hundred day moving average price of $21.57. The firm has a market capitalization of $402.49 million, a P/E ratio of 10.07 and a beta of 1.07. RBB Bancorp has a 52 week low of $15.94 and a 52 week high of $24.73.

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

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Thursday, April 30th. RBB Bancorp’s payout ratio is presently 27.12%.

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.