Endeavour Capital Advisors Inc. trimmed its position in shares of RBB Bancorp (NASDAQ:RBB) by 65.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,025 shares of the company’s stock after selling 234,565 shares during the period. RBB Bancorp comprises approximately 1.4% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 22nd biggest holding. Endeavour Capital Advisors Inc.’s holdings in RBB Bancorp were worth $3,422,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the stock. EJF Capital LLC bought a new position in RBB Bancorp during the third quarter valued at about $12,123,000. Maltese Capital Management LLC bought a new position in RBB Bancorp during the third quarter valued at about $8,591,000. Boston Partners bought a new position in RBB Bancorp during the third quarter valued at about $3,347,000. Two Sigma Investments LP bought a new position in RBB Bancorp during the fourth quarter valued at about $893,000. Finally, Stifel Financial Corp bought a new position in RBB Bancorp during the third quarter valued at about $644,000. Institutional investors and hedge funds own 25.24% of the company’s stock.
RBB Bancorp (RBB) opened at $26.42 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. RBB Bancorp has a 12 month low of $21.26 and a 12 month high of $27.55.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.08 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.21%.
Several research firms have weighed in on RBB. Keefe, Bruyette & Woods restated a “buy” rating and set a $30.00 target price on shares of RBB Bancorp in a report on Friday, December 22nd. Zacks Investment Research upgraded RBB Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Friday, November 17th.
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RBB Bancorp Profile
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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