RBB Bancorp (NASDAQ:RBB) is FJ Capital Management LLC's 3rd Largest Position

FJ Capital Management LLC lessened its stake in 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 and Exchange Commission (SEC). The institutional investor owned 1,616,843 shares of the company's stock after selling 109,102 shares during the period. RBB Bancorp makes up about 3.8% of FJ Capital Management LLC's holdings, making the stock its 3rd biggest holding. FJ Capital Management LLC owned 9.14% of RBB Bancorp worth $33,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in RBB. Barclays PLC lifted its holdings in shares of RBB Bancorp by 285.6% in the 3rd quarter. Barclays PLC now owns 21,477 shares of the company's stock worth $495,000 after acquiring an additional 15,907 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in RBB Bancorp by 101.2% in the fourth quarter. JPMorgan Chase & Co. now owns 101,131 shares of the company's stock worth $2,072,000 after purchasing an additional 50,867 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of RBB Bancorp by 222.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,340 shares of the company's stock valued at $847,000 after buying an additional 28,507 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of RBB Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 55,760 shares of the company's stock valued at $1,143,000 after acquiring an additional 2,662 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in RBB Bancorp by 12.2% during the 4th quarter. American Century Companies Inc. now owns 343,644 shares of the company's stock valued at $7,041,000 after acquiring an additional 37,282 shares during the period. Institutional investors own 40.14% of the company's stock.

Insider Buying and Selling

In other RBB Bancorp news, Director James Kao bought 5,960 shares of RBB Bancorp stock in a transaction on Monday, February 24th. The stock was acquired at an average price of $17.24 per share, with a total value of $102,750.40. Following the acquisition, the director now owns 557,823 shares in the company, valued at approximately $9,616,868.52. This trade represents a 1.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 9,924 shares of company stock worth $171,398 in the last 90 days. Insiders own 4.56% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on RBB shares. Keefe, Bruyette & Woods lowered their price objective on RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Piper Sandler lowered their price target on shares of RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Stephens dropped their price target on shares of RBB Bancorp from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th.

RBB Bancorp Stock Up 1.5%

Shares of NASDAQ RBB traded up $0.25 during mid-day trading on Wednesday, hitting $17.20. 12,415 shares of the stock traded hands, compared to its average volume of 48,811. The company has a market cap of $305.11 million, a price-to-earnings ratio of 11.78 and a beta of 1.04. The stock has a fifty day moving average price of $16.12 and a 200-day moving average price of $19.28. RBB Bancorp has a 52 week low of $14.40 and a 52 week high of $25.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.25). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. The business had revenue of $28.46 million for the quarter, compared to the consensus estimate of $28.98 million. Research analysts anticipate that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th were given a $0.16 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.72%. RBB Bancorp's dividend payout ratio is currently 55.17%.

RBB Bancorp Company 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.