RBB Bancorp (NASDAQ:RBB) Stock Has Average Target Price of $29.33 According to Brokerages

Key Points

• Analyst sentiment is broadly neutral: Three of five analysts rate RBB Bancorp Hold and two rate it Buy; the average one-year price target is $29.33.
• RBB reported quarterly EPS of $0.74, beating the $0.58 consensus estimate, and revenue of $36.87 million, above expectations of $34.43 million.
• The bank announced a quarterly dividend of $0.16 per share, equivalent to $0.64 annually and a 2.5% yield.

Shares of RBB Bancorp (NASDAQ:RBB - Get Free Report) have been given a consensus recommendation of "Hold" by the five analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $29.33.

A number of research firms have commented on RBB. Weiss Ratings reissued a "buy (b)" rating on shares of RBB Bancorp in a report on Monday, October 19th. Zacks Research downgraded RBB Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods boosted their target price on shares of RBB Bancorp from $29.00 to $30.00 and gave the company a "market perform" rating in a research note on Wednesday, October 21st. Finally, Stephens reaffirmed a "positive" rating on shares of RBB Bancorp in a report on Thursday, October 22nd.

Hedge Funds Weigh In On RBB Bancorp

A number of large investors have recently made changes to their positions in RBB. Russell Investments Group Ltd. grew its position in shares of RBB Bancorp by 13.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 56,509 shares of the company's stock valued at $1,473,000 after acquiring an additional 6,662 shares during the period. State of Alaska Department of Revenue raised its holdings in RBB Bancorp by 82.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 1,527 shares of the company's stock worth $38,000 after purchasing an additional 689 shares during the period. Engineers Gate Manager LP raised its holdings in RBB Bancorp by 204.4% in the 2nd quarter. Engineers Gate Manager LP now owns 37,214 shares of the company's stock worth $1,020,000 after purchasing an additional 24,988 shares during the period. Squarepoint Ops LLC boosted its position in RBB Bancorp by 1.1% during the second quarter. Squarepoint Ops LLC now owns 68,007 shares of the company's stock worth $1,864,000 after purchasing an additional 709 shares in the last quarter. Finally, AXQ Capital LP purchased a new position in RBB Bancorp during the second quarter worth approximately $238,000. 40.14% of the stock is owned by institutional investors and hedge funds.

RBB Bancorp Stock Up 0.1%

Shares of NASDAQ:RBB opened at $25.72 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.55. The stock has a fifty day simple moving average of $26.20 and a two-hundred day simple moving average of $24.51. RBB Bancorp has a 12-month low of $18.45 and a 12-month high of $28.24. The stock has a market capitalization of $435.18 million, a price-to-earnings ratio of 9.97 and a beta of 1.06.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last released its earnings results on Monday, October 19th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.16. The firm had revenue of $36.87 million for the quarter, compared to analysts' expectations of $34.43 million. RBB Bancorp had a return on equity of 8.35% and a net margin of 18.02%. On average, research analysts anticipate that RBB Bancorp will post 2.44 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 Thursday, November 12th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, October 30th. RBB Bancorp's dividend payout ratio is presently 24.81%.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides banking services to businesses, professionals and individuals, with an emphasis on serving small and middle-market companies and communities that are often connected to Asian-American and immigrant-owned businesses.

Royal Business Bank offers commercial and industrial loans, commercial real estate financing, small business and Small Business Administration lending, residential mortgage loans, construction financing and consumer loans.

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