RBB Bancorp (NASDAQ:RBB) Earns Equal Weight Rating from Stephens

Stephens reiterated their equal weight rating on shares of RBB Bancorp (NASDAQ:RBB) in a research report released on Tuesday,Benzinga reports. The firm currently has a $25.00 target price on the stock.

RBB Bancorp Trading Up 1.5 %

NASDAQ RBB opened at $18.94 on Tuesday. RBB Bancorp has a 12 month low of $16.49 and a 12 month high of $25.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $335.05 million, a price-to-earnings ratio of 10.24 and a beta of 0.97. The company’s fifty day moving average price is $20.92 and its two-hundred day moving average price is $22.19.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. As a group, research analysts predict that RBB Bancorp will post 1.59 earnings per share for the current fiscal year.

RBB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, January 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.38%. RBB Bancorp’s dividend payout ratio (DPR) is 34.59%.

Insiders Place Their Bets

In related news, EVP Gary Fan sold 12,000 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.45, for a total value of $281,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David Richard Morris sold 9,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the completion of the sale, the chief executive officer now directly owns 37,722 shares in the company, valued at approximately $938,900.58. This trade represents a 19.26 % decrease in their position. The disclosure for this sale can be found here. 6.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On RBB Bancorp

Large investors have recently bought and sold shares of the stock. State Street Corp boosted its position in shares of RBB Bancorp by 3.8% during the 3rd quarter. State Street Corp now owns 323,727 shares of the company’s stock valued at $7,452,000 after purchasing an additional 11,809 shares in the last quarter. Empowered Funds LLC boosted its position in shares of RBB Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock valued at $1,143,000 after purchasing an additional 2,662 shares in the last quarter. Zacks Investment Management bought a new position in shares of RBB Bancorp during the 3rd quarter valued at about $1,208,000. JPMorgan Chase & Co. boosted its position in shares of RBB Bancorp by 572.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,264 shares of the company’s stock valued at $1,157,000 after purchasing an additional 42,786 shares in the last quarter. Finally, Unison Advisors LLC acquired a new position in shares of RBB Bancorp in the third quarter worth about $704,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

About RBB Bancorp

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.