RBB Bancorp (NASDAQ:RBB) EVP Sells $281,400.00 in Stock

RBB Bancorp (NASDAQ:RBB) EVP Gary Fan sold 12,000 shares of the firm’s stock in a transaction on 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 document filed with the SEC, which is available through the SEC website.

RBB Bancorp Stock Performance

Shares of RBB stock opened at $23.41 on Wednesday. The firm has a market capitalization of $414.19 million, a price-to-earnings ratio of 12.65 and a beta of 0.96. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $23.50 and its 200-day moving average price is $21.68. RBB Bancorp has a 12 month low of $16.49 and a 12 month high of $25.30.

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

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, October 31st. RBB Bancorp’s dividend payout ratio is currently 34.59%.

Institutional Investors Weigh In On RBB Bancorp

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in shares of RBB Bancorp by 13.5% during the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after acquiring an additional 444 shares during the last quarter. CWM LLC raised its holdings in RBB Bancorp by 21.7% during the 2nd quarter. CWM LLC now owns 4,594 shares of the company’s stock worth $86,000 after purchasing an additional 818 shares during the last quarter. Rhumbline Advisers lifted its position in shares of RBB Bancorp by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 25,076 shares of the company’s stock worth $472,000 after purchasing an additional 932 shares during the period. Empowered Funds LLC increased its position in shares of RBB Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 53,098 shares of the company’s stock worth $1,222,000 after buying an additional 2,680 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of RBB Bancorp by 0.6% during the first quarter. Vanguard Group Inc. now owns 742,411 shares of the company’s stock worth $13,371,000 after buying an additional 4,464 shares during the period. Institutional investors own 40.14% of the company’s stock.

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.