Insider Selling: RBB Bancorp (NASDAQ:RBB) Director Sells 10,000 Shares of Stock

Key Points

• Director Chuang Lin sold 10,000 shares of RBB Bancorp on May 7 at an average price of $24.23, totaling about $242,300. The sale reduced his ownership by 16.3%.
• RBB Bancorp shares were down 0.6% to $24.05 in Friday trading, near the stock’s 1-year high of $24.73. The company has a market cap of about $410.6 million and trades at a P/E ratio of 10.19.
• The bank recently reported better-than-expected quarterly results, with EPS of $0.66 versus the $0.45 consensus and revenue of $34.75 million above estimates. It also declared a quarterly dividend of $0.16 per share, implying a 2.7% yield.

RBB Bancorp (NASDAQ:RBB - Get Free Report) Director Chuang Lin sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $24.23, for a total transaction of $242,300.00. Following the completion of the sale, the director owned 51,347 shares of the company's stock, valued at approximately $1,244,137.81. This trade represents a 16.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

RBB Bancorp Stock Down 0.6%

Shares of RBB Bancorp stock traded down $0.14 during trading on Friday, reaching $24.05. The company's stock had a trading volume of 46,660 shares, compared to its average volume of 71,901. RBB Bancorp has a 1-year low of $15.59 and a 1-year high of $24.73. The company has a 50-day simple moving average of $22.17 and a two-hundred day simple moving average of $21.24. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a market cap of $410.63 million, a price-to-earnings ratio of 10.19 and a beta of 1.07.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last released its quarterly earnings results on Monday, April 20th. The company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.21. RBB Bancorp had a return on equity of 7.90% and a net margin of 16.76%.The company had revenue of $34.75 million during the quarter, compared to analysts' expectations of $32.38 million. As a group, equities analysts forecast that RBB Bancorp will post 2.35 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, April 30th. RBB Bancorp's payout ratio is presently 27.12%.

Wall Street Analysts Forecast Growth

RBB has been the subject of a number of recent research reports. Hovde Group raised their price target on shares of RBB Bancorp from $23.00 to $26.00 and gave the stock a "market perform" rating in a research report on Wednesday, April 22nd. Zacks Research raised RBB Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 27th. Weiss Ratings reissued a "hold (c)" rating on shares of RBB Bancorp in a report on Monday, April 27th. Finally, Wall Street Zen downgraded RBB Bancorp from a "buy" rating to a "hold" rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, RBB Bancorp presently has an average rating of "Hold" and a consensus target price of $23.33.

Hedge Funds Weigh In On RBB Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in RBB Bancorp by 10.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,781 shares of the company's stock worth $145,000 after purchasing an additional 636 shares during the period. Dimensional Fund Advisors LP increased its position in shares of RBB Bancorp by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 830,214 shares of the company's stock valued at $17,742,000 after buying an additional 16,695 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of RBB Bancorp by 48.2% during the 1st quarter. Hillsdale Investment Management Inc. now owns 221,400 shares of the company's stock worth $4,731,000 after buying an additional 72,000 shares during the period. Strs Ohio lifted its position in shares of RBB Bancorp by 4.6% during the 1st quarter. Strs Ohio now owns 27,400 shares of the company's stock valued at $586,000 after buying an additional 1,200 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in RBB Bancorp by 10.8% in the 4th quarter. Empowered Funds LLC now owns 82,184 shares of the company's stock valued at $1,696,000 after acquiring an additional 7,997 shares during the period. Hedge funds and other institutional investors own 40.14% of the company's stock.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company's core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.

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