Quantinno Capital Management LP Increases Position in RBB Bancorp $RBB

Quantinno Capital Management LP lifted its holdings in shares of RBB Bancorp (NASDAQ:RBB) by 47.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,144 shares of the company’s stock after buying an additional 21,434 shares during the period. Quantinno Capital Management LP owned approximately 0.39% of RBB Bancorp worth $1,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. North Reef Capital Management LP acquired a new position in RBB Bancorp in the 1st quarter valued at about $1,371,000. Sei Investments Co. acquired a new stake in RBB Bancorp during the 1st quarter worth approximately $356,000. PNC Financial Services Group Inc. lifted its position in RBB Bancorp by 10.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,781 shares of the company’s stock worth $145,000 after acquiring an additional 636 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of RBB Bancorp by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 830,214 shares of the company’s stock valued at $17,742,000 after purchasing an additional 16,695 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in shares of RBB Bancorp by 48.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 221,400 shares of the company’s stock valued at $4,731,000 after purchasing an additional 72,000 shares during the last quarter. Hedge funds and other institutional investors own 40.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RBB. Stephens upped their price target on RBB Bancorp from $26.00 to $29.00 and gave the stock a “positive” rating in a research note on Thursday, July 23rd. Hovde Group upgraded shares of RBB Bancorp from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $26.00 to $29.00 in a research report on Tuesday, June 16th. Weiss Ratings raised shares of RBB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Finally, Zacks Research downgraded shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, RBB Bancorp has a consensus rating of “Moderate Buy” and an average target price of $25.50.

RBB Bancorp Stock Up 0.7%

RBB opened at $27.52 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.06 and a quick ratio of 1.06. RBB Bancorp has a 12 month low of $16.74 and a 12 month high of $28.24. The stock has a market capitalization of $465.64 million, a P/E ratio of 11.33 and a beta of 1.03. The business has a 50 day simple moving average of $26.37 and a 200-day simple moving average of $23.79.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Monday, July 20th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. RBB Bancorp had a return on equity of 7.99% 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. On average, equities analysts anticipate 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. Stockholders of record on Friday, July 31st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, July 31st. RBB Bancorp’s dividend payout ratio (DPR) is currently 26.34%.

RBB Bancorp announced that its board has authorized a share repurchase program on Monday, June 15th that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at RBB Bancorp

In related news, EVP Gary Fan sold 2,368 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $24.01, for a total transaction of $56,855.68. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David Richard Morris sold 1,946 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $23.99, for a total transaction of $46,684.54. Following the transaction, the director owned 43,422 shares in the company, valued at $1,041,693.78. The trade was a 4.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.78% of the company’s stock.

RBB Bancorp 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.