RBB Bancorp (NASDAQ:RBB) Research Coverage Started at Hovde Group

Hovde Group initiated coverage on shares of RBB Bancorp (NASDAQ:RBB - Free Report) in a report published on Monday morning, StockNewsAPI reports. The brokerage issued a market perform rating and a $19.00 target price on the stock.

RBB has been the topic of a number of other reports. Keefe, Bruyette & Woods increased their price target on shares of RBB Bancorp from $18.00 to $20.00 and gave the company a market perform rating in a research report on Wednesday, January 24th. Stephens reissued an equal weight rating and issued a $19.00 target price on shares of RBB Bancorp in a research note on Tuesday, January 23rd. Finally, TheStreet upgraded RBB Bancorp from a c+ rating to a b- rating in a research report on Wednesday, December 27th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, RBB Bancorp currently has a consensus rating of Hold and a consensus price target of $17.75.

RBB Bancorp Price Performance

Shares of NASDAQ:RBB traded up $0.43 on Monday, hitting $18.26. The company's stock had a trading volume of 63,975 shares, compared to its average volume of 40,880. The company has a market capitalization of $340.00 million, a PE ratio of 7.51 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50-day simple moving average of $17.40 and a 200 day simple moving average of $16.58. RBB Bancorp has a 1 year low of $8.62 and a 1 year high of $20.22.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced its earnings results on Monday, January 22nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.08. The business had revenue of $33.06 million during the quarter, compared to analyst estimates of $27.60 million. RBB Bancorp had a net margin of 19.06% and a return on equity of 8.36%. Sell-side analysts forecast that RBB Bancorp will post 1.47 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Wednesday, May 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Tuesday, April 30th. RBB Bancorp's dividend payout ratio (DPR) is 26.34%.

Insider Buying and Selling

In other RBB Bancorp news, Director James Kao acquired 2,000 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average cost of $16.98 per share, for a total transaction of $33,960.00. Following the transaction, the director now owns 519,175 shares in the company, valued at $8,815,591.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired 35,977 shares of company stock valued at $624,060 over the last ninety days. 6.63% of the stock is owned by insiders.

Institutional Trading of RBB Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd bought a new position in RBB Bancorp in the 3rd quarter worth $138,000. SG Americas Securities LLC bought a new position in shares of RBB Bancorp in the fourth quarter worth about $177,000. New York State Common Retirement Fund grew its position in shares of RBB Bancorp by 101.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,943 shares of the company's stock worth $170,000 after purchasing an additional 4,503 shares in the last quarter. AJOVista LLC bought a new stake in RBB Bancorp during the 4th quarter valued at approximately $59,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in RBB Bancorp by 36.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company's stock worth $44,000 after purchasing an additional 929 shares in the last quarter. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

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.