RBB Bancorp (NASDAQ:RBB) Short Interest Down 23.8% in March

RBB Bancorp (NASDAQ:RBB - Get Free Report) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 109,400 shares, a drop of 23.8% from the March 15th total of 143,600 shares. Based on an average trading volume of 41,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.7% of the company's shares are sold short.

Analysts Set New Price Targets

Several research analysts have recently commented on RBB shares. Stephens restated an "equal weight" rating and set a $19.00 price target on shares of RBB Bancorp in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods boosted their price target on RBB Bancorp from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Wednesday, January 24th. Finally, TheStreet upgraded RBB Bancorp from a "c+" rating to a "b-" rating in a research report on Wednesday, December 27th.

RBB Bancorp Stock Performance

NASDAQ RBB traded up $0.07 on Friday, hitting $17.09. 29,655 shares of the company's stock were exchanged, compared to its average volume of 36,845. 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 firm's 50-day moving average price is $17.44 and its two-hundred day moving average price is $16.36. RBB Bancorp has a fifty-two week low of $8.62 and a fifty-two week high of $20.22. The firm has a market cap of $318.22 million, a price-to-earnings ratio of 7.03 and a beta of 0.96.

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

RBB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Tuesday, January 30th. RBB Bancorp's dividend payout ratio (DPR) is 26.34%.

Insiders Place Their Bets

In other RBB Bancorp news, Director James Kao bought 2,000 shares of the business's stock in a transaction on Wednesday, March 13th. The stock was bought at an average price of $16.98 per share, with a total value of $33,960.00. Following the completion of the purchase, the director now directly owns 519,175 shares in the company, valued at $8,815,591.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired a total of 35,977 shares of company stock valued at $624,060 over the last quarter. 13.15% of the stock is owned by insiders.

Institutional Investors Weigh In On RBB Bancorp

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in RBB Bancorp by 15.0% in the 2nd quarter. BlackRock Inc. now owns 1,161,004 shares of the company's stock valued at $13,862,000 after buying an additional 151,140 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in RBB Bancorp by 8.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 603,750 shares of the company's stock valued at $11,496,000 after buying an additional 44,565 shares in the last quarter. First Trust Advisors LP purchased a new stake in RBB Bancorp in the 3rd quarter valued at approximately $924,000. Alliancebernstein L.P. lifted its stake in RBB Bancorp by 20.5% in the 2nd quarter. Alliancebernstein L.P. now owns 242,686 shares of the company's stock valued at $2,898,000 after buying an additional 41,230 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in RBB Bancorp by 14.0% in the 2nd quarter. Geode Capital Management LLC now owns 303,014 shares of the company's stock valued at $3,618,000 after buying an additional 37,167 shares in the last quarter. Hedge funds and other institutional investors own 40.14% of the company's stock.

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.