156,224 Shares in RBB Bancorp $RBB Acquired by Algert Global LLC

Algert Global LLC purchased a new stake in RBB Bancorp (NASDAQ:RBB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 156,224 shares of the company's stock, valued at approximately $4,283,000. Algert Global LLC owned 0.92% of RBB Bancorp at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. bought a new stake in shares of RBB Bancorp during the 4th quarter valued at about $3,084,000. North Reef Capital Management LP bought a new position in shares of RBB Bancorp in the first quarter worth approximately $1,371,000. Walleye Capital LLC purchased a new stake in RBB Bancorp in the second quarter valued at approximately $1,256,000. GSA Capital Partners LLP lifted its position in RBB Bancorp by 224.7% during the fourth quarter. GSA Capital Partners LLP now owns 39,576 shares of the company's stock valued at $817,000 after purchasing an additional 27,386 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in RBB Bancorp by 47.9% during the first quarter. Quantinno Capital Management LP now owns 66,144 shares of the company's stock valued at $1,413,000 after purchasing an additional 21,434 shares during the last quarter. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RBB shares. Hovde Group raised shares of RBB Bancorp from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $26.00 to $29.00 in a report on Tuesday, June 16th. Zacks Research lowered shares of RBB Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Stephens increased their target price on RBB Bancorp from $26.00 to $29.00 and gave the company a "positive" rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised RBB Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $25.50.

Insiders Place Their Bets

In other news, Director David Richard Morris sold 1,946 shares of the firm's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $23.99, for a total value of $46,684.54. Following the transaction, the director owned 43,422 shares in the company, valued at approximately $1,041,693.78. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.78% of the company's stock.

RBB Bancorp Stock Performance

RBB Bancorp stock opened at $26.24 on Friday. The firm has a fifty day simple moving average of $26.77 and a two-hundred day simple moving average of $24.17. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.55. RBB Bancorp has a twelve month low of $16.74 and a twelve month high of $28.24. The company has a market capitalization of $443.98 million, a PE ratio of 10.80 and a beta of 1.03.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. The firm had revenue of $33.10 million for 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%. Research analysts expect that RBB Bancorp will post 2.37 EPS for the current year.

RBB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were given a $0.16 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.64 annualized dividend and a yield of 2.4%. RBB Bancorp's payout ratio is presently 26.34%.

RBB Bancorp announced that its Board of Directors has authorized a stock buyback plan on Monday, June 15th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company's core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.

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