RBB Bancorp (NASDAQ:RBB - Get Free Report) shot up 0.8% during mid-day trading on Monday . The company traded as high as $17.97 and last traded at $17.60. 31,194 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 41,146 shares. The stock had previously closed at $17.46.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on RBB. TheStreet upgraded shares of RBB Bancorp from a "c+" rating to a "b-" rating in a research report on Wednesday, December 27th. Stephens reiterated an "equal weight" rating and set a $19.00 target price on shares of RBB Bancorp in a research report on Tuesday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their target price 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.
Read Our Latest Stock Report on RBB
RBB Bancorp Stock Performance
The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $327.71 million, a P/E ratio of 7.24 and a beta of 0.96. The company's 50 day moving average price is $17.51 and its 200-day moving average price is $16.28.
RBB Bancorp (NASDAQ:RBB - Get Free Report) last released its quarterly earnings data on Monday, January 22nd. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. RBB Bancorp had a net margin of 19.06% and a return on equity of 8.36%. The business had revenue of $33.06 million for the quarter, compared to the consensus estimate of $27.60 million. Equities analysts forecast that RBB Bancorp will post 1.47 EPS for the current fiscal year.
RBB Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Wednesday, January 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Tuesday, January 30th. RBB Bancorp's dividend payout ratio is currently 26.34%.
Insider Activity at RBB Bancorp
In related news, Director James Kao bought 12,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average cost of $18.05 per share, with a total value of $216,600.00. Following the completion of the purchase, the director now directly owns 460,376 shares of the company's stock, valued at approximately $8,309,786.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 35,977 shares of company stock valued at $624,060 over the last three months. 13.15% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of RBB. UBS Group AG bought a new position in shares of RBB Bancorp in the third quarter worth approximately $26,000. Tower Research Capital LLC TRC lifted its stake in RBB Bancorp by 169.7% in the first quarter. Tower Research Capital LLC TRC now owns 1,726 shares of the company's stock worth $26,000 after acquiring an additional 1,086 shares during the period. FMR LLC lifted its stake in RBB Bancorp by 281.2% in the first quarter. FMR LLC now owns 2,836 shares of the company's stock worth $44,000 after acquiring an additional 2,092 shares during the period. AJOVista LLC purchased a new stake in RBB Bancorp in the fourth quarter worth $59,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in RBB Bancorp by 36.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company's stock worth $44,000 after acquiring an additional 929 shares during the period. 40.14% of the stock is currently owned by institutional investors.
RBB Bancorp Company Profile
(
Get Free Report)
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.
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