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

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 legal filing with the SEC, which is available at this hyperlink.

RBB Bancorp Trading Up 1.8%

Shares of NASDAQ RBB traded up $0.31 during midday trading on Monday, hitting $17.38. The stock had a trading volume of 41,882 shares, compared to its average volume of 48,783. The company has a market capitalization of $308.32 million, a price-to-earnings ratio of 11.90 and a beta of 1.06. RBB Bancorp has a 1-year low of $14.40 and a 1-year high of $25.30. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $16.07 and a 200 day moving average price of $18.32.

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

RBB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 3.68%. RBB Bancorp's payout ratio is presently 55.17%.

RBB Bancorp announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 29th that permits the company to buyback $18.00 million in shares. This buyback authorization permits the company to repurchase up to 6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On RBB Bancorp

Several institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in RBB Bancorp by 14.1% in the fourth quarter. Barclays PLC now owns 24,497 shares of the company's stock valued at $502,000 after acquiring an additional 3,020 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of RBB Bancorp by 101.2% during the 4th quarter. JPMorgan Chase & Co. now owns 101,131 shares of the company's stock valued at $2,072,000 after purchasing an additional 50,867 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of RBB Bancorp by 222.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,340 shares of the company's stock valued at $847,000 after purchasing an additional 28,507 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of RBB Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 55,760 shares of the company's stock valued at $1,143,000 after purchasing an additional 2,662 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of RBB Bancorp during the 4th quarter valued at about $215,000. 40.14% of the stock is currently owned by institutional investors and hedge funds.

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.