RBB Bancorp (NASDAQ:RBB) reached a new 52-week high and low on Friday . The stock traded as low as $28.00 and last traded at $27.92, with a volume of 3442 shares traded. The stock had previously closed at $27.81.
Several equities research analysts recently weighed in on RBB shares. Zacks Investment Research cut RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods restated a “buy” rating and set a $30.00 target price on shares of RBB Bancorp in a research note on Friday, December 22nd.
The company has a debt-to-equity ratio of 0.20, a current ratio of 1.12 and a quick ratio of 1.03.
In other RBB Bancorp news, EVP Tsu Te Huang sold 34,746 shares of RBB Bancorp stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $26.46, for a total transaction of $919,379.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new position in RBB Bancorp during the fourth quarter worth approximately $1,452,000. TIAA CREF Investment Management LLC acquired a new position in RBB Bancorp during the fourth quarter worth approximately $162,000. Teachers Advisors LLC increased its position in RBB Bancorp by 49.7% during the fourth quarter. Teachers Advisors LLC now owns 6,576 shares of the company’s stock worth $180,000 after buying an additional 2,182 shares during the period. Two Sigma Investments LP acquired a new position in RBB Bancorp during the fourth quarter worth approximately $893,000. Finally, Two Sigma Advisers LP acquired a new position in RBB Bancorp during the fourth quarter worth approximately $435,000. 25.14% of the stock is currently owned by institutional investors.
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About RBB Bancorp
RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank.
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