RBB Bancorp (NASDAQ:RBB) Director Sells $46,684.54 in Stock

RBB Bancorp (NASDAQ:RBB) Director David Richard Morris sold 1,946 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $23.99, for a total value of $46,684.54. Following the completion of the sale, the director directly owned 43,422 shares of the company’s stock, valued at $1,041,693.78. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

David Richard Morris also recently made the following trade(s):

• On Monday, May 4th, David Richard Morris sold 4,500 shares of RBB Bancorp stock. The shares were sold at an average price of $23.90, for a total value of $107,550.00.

RBB Bancorp Stock Performance

Shares of NASDAQ RBB traded up $0.25 during mid-day trading on Monday, reaching $24.25. 240,019 shares of the company’s stock were exchanged, compared to its average volume of 87,446. The firm has a 50-day moving average price of $23.23 and a two-hundred day moving average price of $21.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $410.80 million, a price-to-earnings ratio of 10.28 and a beta of 1.05. 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 results on Monday, April 20th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.21. The company had revenue of $34.75 million for the quarter, compared to the consensus estimate of $32.38 million. RBB Bancorp had a net margin of 16.76% and a return on equity of 7.85%. Analysts predict that RBB Bancorp will post 2.35 EPS for the current year.

RBB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, April 30th. RBB Bancorp’s payout ratio is 27.12%.

Institutional Investors Weigh In On RBB Bancorp

Large investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. purchased a new stake in RBB Bancorp in the 4th quarter worth about $3,084,000. GSA Capital Partners LLP increased its holdings in RBB Bancorp by 224.7% in the 4th quarter. GSA Capital Partners LLP now owns 39,576 shares of the company’s stock worth $817,000 after acquiring an additional 27,386 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in RBB Bancorp by 84.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock worth $31,000 after acquiring an additional 835 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings 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 acquiring an additional 636 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in RBB Bancorp by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 830,214 shares of the company’s stock worth $17,742,000 after acquiring an additional 16,695 shares during the last quarter. Hedge funds and other institutional investors own 40.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Hovde Group boosted their price target 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 raised shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Weiss Ratings raised shares of RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.33.

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.