RBB Bancorp (NASDAQ:RBB) CEO Sells $224,010.00 in Stock

RBB Bancorp (NASDAQ:RBB) CEO David Richard Morris sold 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were 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 owns 37,722 shares of the company’s stock, valued at approximately $938,900.58. This trade represents a 19.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

RBB Bancorp Trading Down 1.8 %

NASDAQ RBB opened at $24.39 on Friday. The company has a market capitalization of $431.46 million, a PE ratio of 13.18 and a beta of 0.95. RBB Bancorp has a 1-year low of $14.84 and a 1-year high of $25.30. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.66. The firm’s fifty day simple moving average is $23.12 and its 200-day simple moving average is $21.03.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $60.17 million for the quarter, compared to analyst estimates of $28.17 million. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. During the same period in the prior year, the firm posted $0.63 EPS. As a group, sell-side analysts anticipate that RBB Bancorp will post 1.58 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Thursday, October 31st. RBB Bancorp’s dividend payout ratio (DPR) is presently 34.59%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RBB. Stephens reaffirmed an “equal weight” rating and issued a $20.00 target price on shares of RBB Bancorp in a research report on Tuesday, July 23rd. Piper Sandler lifted their target price on RBB Bancorp from $21.00 to $21.50 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.88.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in RBB Bancorp in the third quarter worth $134,000. American Century Companies Inc. boosted its stake in shares of RBB Bancorp by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 248,501 shares of the company’s stock worth $4,674,000 after acquiring an additional 44,670 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of RBB Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 742,411 shares of the company’s stock valued at $13,371,000 after acquiring an additional 4,464 shares during the last quarter. Unison Advisors LLC bought a new position in shares of RBB Bancorp in the 3rd quarter valued at approximately $704,000. Finally, Dimensional Fund Advisors LP lifted its holdings in RBB Bancorp by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 697,656 shares of the company’s stock worth $13,122,000 after purchasing an additional 53,539 shares during the last quarter. 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.