RBB Bancorp (NASDAQ:RBB) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analyst consensus: RBB Bancorp has a “Moderate Buy” rating from six analysts—three buys and three holds—with an average 1-year price target of $25.50.
• Recent financial results: The bank reported quarterly earnings of $0.59 per share, exceeding estimates of $0.54, while revenue totaled $33.10 million.
• Shareholder returns and ownership: RBB Bancorp pays a quarterly dividend of $0.16 per share, equivalent to a 2.5% annual yield, and institutional investors and hedge funds own 40.14% of the stock.

Shares of RBB Bancorp (NASDAQ:RBB - Get Free Report) have received a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $25.50.

Several equities research analysts have commented on RBB shares. Zacks Research cut RBB Bancorp from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. Hovde Group raised shares of RBB Bancorp from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $26.00 to $29.00 in a research note on Tuesday, June 16th. Weiss Ratings raised shares of RBB Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Finally, Stephens lifted their price objective on shares of RBB Bancorp from $26.00 to $29.00 and gave the company a "positive" rating in a report on Thursday, July 23rd.

Institutional Investors Weigh In On RBB Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in shares of RBB Bancorp by 10.3% during the first quarter. PNC Financial Services Group Inc. now owns 6,781 shares of the company's stock worth $145,000 after buying an additional 636 shares in the last quarter. Squarepoint Ops LLC raised its holdings in RBB Bancorp by 1.1% in the 2nd quarter. Squarepoint Ops LLC now owns 68,007 shares of the company's stock valued at $1,864,000 after buying an additional 709 shares during the last quarter. Strs Ohio boosted its position in RBB Bancorp by 4.6% during the 1st quarter. Strs Ohio now owns 27,400 shares of the company's stock worth $586,000 after buying an additional 1,200 shares during the period. Legal & General Group Plc acquired a new stake in RBB Bancorp during the 2nd quarter worth approximately $46,000. Finally, AXQ Capital LP bought a new stake in RBB Bancorp during the 2nd quarter worth approximately $238,000. 40.14% of the stock is currently owned by institutional investors and hedge funds.

RBB Bancorp Stock Performance

RBB opened at $25.70 on Wednesday. The company has a market capitalization of $434.84 million, a price-to-earnings ratio of 10.58 and a beta of 1.04. The business's 50-day moving average price is $26.52 and its two-hundred day moving average price is $25.28. RBB Bancorp has a 1 year low of $16.74 and a 1 year high of $28.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.07 and a quick ratio of 1.07.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last posted its quarterly earnings data on Monday, July 20th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.05. The company had revenue of $33.10 million during the quarter, compared to analysts' expectations of $33.17 million. RBB Bancorp had a return on equity of 7.94% and a net margin of 17.26%. Equities analysts expect that RBB Bancorp will post 2.39 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were issued a dividend of $0.16 per share. The ex-dividend date was Friday, July 31st. This represents a $0.64 annualized dividend and a yield of 2.5%. RBB Bancorp's dividend payout ratio is presently 26.34%.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California. Its principal subsidiary, Royal Business Bank, provides commercial banking and financial services to businesses, professionals and individuals, with a focus on serving small and mid-sized companies and the communities in which they operate.

Royal Business Bank offers business and consumer deposit accounts, certificates of deposit, cash-management services, online banking and other treasury-management solutions.

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