Gary Fan Sells 1,451 Shares of RBB Bancorp (NASDAQ:RBB) Stock

RBB Bancorp (NASDAQ:RBB - Get Free Report) EVP Gary Fan sold 1,451 shares of RBB Bancorp stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $16.73, for a total value of $24,275.23. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

RBB Bancorp Stock Up 3.0%

Shares of RBB Bancorp stock traded up $0.50 during trading hours on Friday, reaching $17.07. 61,513 shares of the company's stock were exchanged, compared to its average volume of 48,727. 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 $302.82 million, a P/E ratio of 11.69 and a beta of 1.04. The company has a 50 day moving average of $16.05 and a two-hundred day moving average of $18.45. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.25). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. The company had revenue of $28.46 million during the quarter, compared to the consensus estimate of $28.98 million. On average, sell-side analysts forecast that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.75%. RBB Bancorp's payout ratio is presently 55.17%.

RBB Bancorp announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 29th that allows the company to repurchase $18.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods cut their target price on shares of RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating for the company in a research note on Friday, February 7th.

Institutional Trading of RBB Bancorp

A number of institutional investors have recently bought and sold shares of the company. Strs Ohio acquired a new position in shares of RBB Bancorp during the first quarter valued at about $482,000. Jane Street Group LLC grew its position in shares of RBB Bancorp by 75.9% during the 1st quarter. Jane Street Group LLC now owns 28,823 shares of the company's stock valued at $476,000 after acquiring an additional 12,437 shares during the period. Empowered Funds LLC boosted its holdings in RBB Bancorp by 8.2% in the 1st 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 holdings in RBB Bancorp by 6.8% in the 1st 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 holdings in RBB Bancorp by 8.6% in the 1st 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 own 40.14% of the company's stock.

About RBB Bancorp

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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