FJ Capital Management LLC lowered its position in shares of RBB Bancorp (NASDAQ:RBB - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,616,843 shares of the company's stock after selling 109,102 shares during the quarter. RBB Bancorp accounts for 3.8% of FJ Capital Management LLC's holdings, making the stock its 3rd biggest position. FJ Capital Management LLC owned approximately 9.14% of RBB Bancorp worth $33,129,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the company. Deutsche Bank AG boosted its position in RBB Bancorp by 229.0% during the 4th quarter. Deutsche Bank AG now owns 15,860 shares of the company's stock worth $325,000 after acquiring an additional 11,040 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in RBB Bancorp by 2.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 121,643 shares of the company's stock worth $2,492,000 after acquiring an additional 2,662 shares during the last quarter. Bank of America Corp DE boosted its position in RBB Bancorp by 22.6% during the 4th quarter. Bank of America Corp DE now owns 18,749 shares of the company's stock worth $384,000 after acquiring an additional 3,462 shares during the last quarter. Rhino Investment Partners Inc boosted its position in RBB Bancorp by 231.8% during the 4th quarter. Rhino Investment Partners Inc now owns 513,546 shares of the company's stock worth $10,523,000 after acquiring an additional 358,779 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of RBB Bancorp by 195.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company's stock valued at $36,000 after buying an additional 1,149 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company's stock.
Insider Buying and Selling
In other news, Director James Kao bought 5,960 shares of the company's stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $17.24 per share, with a total value of $102,750.40. Following the completion of the acquisition, the director now owns 557,823 shares of the company's stock, valued at $9,616,868.52. This represents a 1.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders bought 9,924 shares of company stock valued at $171,398. Insiders own 4.56% of the company's stock.
RBB Bancorp Stock Performance
RBB Bancorp stock traded down $0.18 during mid-day trading on Friday, hitting $15.89. 11,691 shares of the company's stock traded hands, compared to its average volume of 48,928. The firm has a 50 day simple moving average of $16.14 and a two-hundred day simple moving average of $19.33. RBB Bancorp has a fifty-two week low of $14.40 and a fifty-two week high of $25.30. The stock has a market cap of $281.87 million, a price-to-earnings ratio of 10.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11.
RBB Bancorp (NASDAQ:RBB - Get Free Report) last posted its earnings results on Monday, April 28th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.25). The firm had revenue of $28.46 million during the quarter, compared to analyst estimates of $28.98 million. RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. On average, research analysts expect that RBB Bancorp will post 1.63 EPS for the current fiscal year.
RBB Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.64 annualized dividend and a yield of 4.03%. RBB Bancorp's payout ratio is currently 55.17%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. Stephens cut their price objective on RBB Bancorp from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price objective on RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating for the company in a report on Friday, February 7th. Finally, Piper Sandler cut their price objective on RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th.
View Our Latest Stock Analysis on RBB Bancorp
About RBB Bancorp
(
Free Report)
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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