Insider Buying: RBB Bancorp (NASDAQ:RBB) Director Buys 612 Shares of Stock

RBB Bancorp (NASDAQ:RBB) Director James Kao bought 612 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were bought at an average price of $17.36 per share, for a total transaction of $10,624.32. Following the completion of the transaction, the director now directly owns 558,820 shares in the company, valued at approximately $9,701,115.20. This represents a 0.11 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

James Kao also recently made the following trade(s):

• On Monday, February 24th, James Kao bought 5,960 shares of RBB Bancorp stock. The shares were bought at an average price of $17.24 per share, for a total transaction of $102,750.40.
• On Friday, February 21st, James Kao bought 3,352 shares of RBB Bancorp stock. The shares were bought at an average price of $17.31 per share, for a total transaction of $58,023.12.

RBB Bancorp Price Performance

RBB Bancorp stock opened at $17.50 on Thursday. RBB Bancorp has a 52 week low of $16.54 and a 52 week high of $25.30. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The firm’s 50-day simple moving average is $19.04 and its 200 day simple moving average is $21.64. The firm has a market capitalization of $309.63 million, a PE ratio of 11.99 and a beta of 0.95.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, February 3rd. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. On average, equities research analysts predict that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, January 31st. RBB Bancorp’s payout ratio is 43.84%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in RBB. Empowered Funds LLC raised its stake in RBB Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 53,098 shares of the company’s stock valued at $1,222,000 after purchasing an additional 2,680 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in RBB Bancorp in the 3rd quarter valued at about $295,000. BNP Paribas Financial Markets raised its stake in RBB Bancorp by 13.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock valued at $86,000 after purchasing an additional 444 shares during the last quarter. State Street Corp raised its stake in RBB Bancorp by 3.8% in 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 during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of RBB Bancorp by 50.9% during the 3rd quarter. Jane Street Group LLC now owns 27,582 shares of the company’s stock valued at $635,000 after acquiring an additional 9,305 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on RBB shares. Stephens decreased their target price on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods decreased their price objective on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Finally, Piper Sandler decreased their price objective on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th.

RBB Bancorp Company Profile

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.