JPMorgan Chase & Co. Acquires 50,867 Shares of RBB Bancorp (NASDAQ:RBB)

JPMorgan Chase & Co. raised its holdings in RBB Bancorp (NASDAQ:RBB - Free Report) by 101.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,131 shares of the company's stock after buying an additional 50,867 shares during the period. JPMorgan Chase & Co. owned about 0.57% of RBB Bancorp worth $2,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of RBB Bancorp by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 807,176 shares of the company's stock worth $16,539,000 after purchasing an additional 5,484 shares during the period. American Century Companies Inc. boosted its holdings in shares of RBB Bancorp by 12.2% in the 4th quarter. American Century Companies Inc. now owns 343,644 shares of the company's stock valued at $7,041,000 after purchasing an additional 37,282 shares in the last quarter. State Street Corp boosted its holdings in shares of RBB Bancorp by 3.8% in the 3rd quarter. State Street Corp now owns 323,727 shares of the company's stock valued at $7,452,000 after purchasing an additional 11,809 shares in the last quarter. Empowered Funds LLC boosted its holdings 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 purchasing an additional 2,662 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted 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 acquiring an additional 28,507 shares in the last quarter. Institutional investors own 40.14% of the company's stock.

RBB Bancorp Trading Up 1.9 %

Shares of RBB stock traded up $0.29 during trading hours on Tuesday, hitting $15.94. 41,501 shares of the company were exchanged, compared to its average volume of 49,340. The firm has a market cap of $282.76 million, a P/E ratio of 10.92 and a beta of 0.89. RBB Bancorp has a fifty-two week low of $14.40 and a fifty-two 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. The company has a 50 day simple moving average of $16.42 and a two-hundred day simple moving average of $19.79.

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

RBB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Wednesday, April 30th. RBB Bancorp's dividend payout ratio (DPR) is 43.84%.

Insider Transactions at RBB Bancorp

In other RBB Bancorp news, Director James Kao purchased 3,352 shares of RBB Bancorp stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of $17.31 per share, with a total value of $58,023.12. Following the transaction, the director now owns 551,863 shares in the company, valued at $9,552,748.53. This trade represents a 0.61 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 9,924 shares of company stock valued at $171,398 in the last quarter. 4.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.