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

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

Several analysts have recently issued reports on RBB shares. Hovde Group increased their price target on shares of RBB Bancorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research 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 research report on Monday, May 11th.

RBB Bancorp Price Performance

Shares of RBB opened at $24.50 on Thursday. The stock has a market capitalization of $414.93 million, a PE ratio of 10.38 and a beta of 1.05. RBB Bancorp has a 1 year low of $15.94 and a 1 year high of $24.87. 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 company’s 50-day simple moving average is $23.37 and its 200-day simple moving average is $22.05.

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

RBB Bancorp Dividend Announcement

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

Insider Transactions at RBB Bancorp

In related news, Director David Richard Morris sold 1,946 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 43,422 shares of the company’s stock, valued at $1,041,693.78. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gary Fan sold 2,368 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $24.01, for a total transaction of $56,855.68. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 24,814 shares of company stock valued at $597,630. 6.78% of the stock is currently owned by corporate insiders.

Institutional Trading of RBB Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Torren Management LLC acquired a new stake in RBB Bancorp in the fourth quarter valued at approximately $28,000. CANADA LIFE ASSURANCE Co acquired a new stake in RBB Bancorp in the fourth quarter valued at approximately $34,000. BNP Paribas Financial Markets raised its holdings in RBB Bancorp by 84.9% in the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock valued at $31,000 after acquiring an additional 835 shares in the last quarter. SG Americas Securities LLC acquired a new stake in RBB Bancorp in the fourth quarter valued at approximately $112,000. Finally, PNC Financial Services Group Inc. raised its holdings in RBB Bancorp by 75.3% in the third quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the company’s stock valued at $102,000 after acquiring an additional 2,337 shares in the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

About RBB Bancorp

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.