FNY Investment Advisers LLC Acquires Shares of 25,000 RBB Bancorp $RBB

Key Points

• FNY Investment Advisers LLC has acquired 25,000 shares of RBB Bancorp, valued at approximately $430,000, which represents about 0.14% of the company's total shares.
• RBB Bancorp reported an EPS of $0.59 for the most recent quarter, exceeding analysts' expectations of $0.41, with revenue of $31.95 million.
• The company has announced a quarterly dividend of $0.16 per share, to be paid on November 12th, with a current dividend yield of approximately 3.4%.

FNY Investment Advisers LLC acquired a new stake in RBB Bancorp (NASDAQ:RBB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the company's stock, valued at approximately $430,000. FNY Investment Advisers LLC owned approximately 0.14% of RBB Bancorp at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Strs Ohio acquired a new stake in shares of RBB Bancorp during the first quarter worth about $482,000. Jane Street Group LLC boosted its stake in shares of RBB Bancorp by 75.9% during the first quarter. Jane Street Group LLC now owns 28,823 shares of the company's stock worth $476,000 after buying an additional 12,437 shares during the period. Empowered Funds LLC boosted its stake in shares of RBB Bancorp by 8.2% during the first quarter. Empowered Funds LLC now owns 60,331 shares of the company's stock worth $995,000 after buying an additional 4,571 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of RBB Bancorp by 6.8% during the first quarter. Jacobs Levy Equity Management Inc. now owns 53,678 shares of the company's stock worth $886,000 after buying an additional 3,417 shares during the period. Finally, FJ Capital Management LLC boosted its stake in shares of RBB Bancorp by 8.6% during the first quarter. FJ Capital Management LLC now owns 1,756,006 shares of the company's stock worth $28,974,000 after buying an additional 139,163 shares during the period. Institutional investors and hedge funds own 40.14% of the company's stock.

RBB Bancorp Price Performance

Shares of NASDAQ:RBB opened at $19.05 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. The company has a market cap of $328.61 million, a P/E ratio of 12.79 and a beta of 1.07. RBB Bancorp has a 52 week low of $14.40 and a 52 week high of $25.30. The company has a 50-day moving average price of $19.11 and a 200 day moving average price of $17.76.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced its quarterly earnings data on Monday, October 20th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.18. RBB Bancorp had a net margin of 11.12% and a return on equity of 5.11%. The firm had revenue of $31.95 million during the quarter, compared to the consensus estimate of $31.72 million. During the same quarter last year, the firm earned $0.39 earnings per share. Research analysts predict that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.64 dividend on an annualized basis and a yield of 3.4%. RBB Bancorp's dividend payout ratio (DPR) is 42.95%.

Wall Street Analyst Weigh In

RBB has been the subject of several recent research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of RBB Bancorp in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of RBB Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Piper Sandler raised their price objective on shares of RBB Bancorp from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of RBB Bancorp from $21.00 to $23.00 and gave the company a "market perform" rating in a research report on Wednesday. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.33.

RBB Bancorp 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.

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