RBB Bancorp (NASDAQ:RBB) Earns Equal Weight Rating from Stephens

Stephens reiterated their equal weight rating on shares of RBB Bancorp (NASDAQ:RBB - Free Report) in a research report released on Tuesday, Benzinga reports. The brokerage currently has a $20.00 price objective on the stock.

RBB has been the topic of several other reports. TheStreet upgraded shares of RBB Bancorp from a c+ rating to a b- rating in a report on Wednesday, December 27th. Keefe, Bruyette & Woods raised 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. Finally, Hovde Group assumed coverage on shares of RBB Bancorp in a research report on Monday. They issued a market perform rating and a $19.00 target price for the company. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, RBB Bancorp presently has a consensus rating of Hold and an average price target of $18.00.

RBB Bancorp Price Performance

NASDAQ RBB traded down $0.01 on Tuesday, reaching $18.25. The company's stock had a trading volume of 49,905 shares, compared to its average volume of 40,995. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. The firm has a market cap of $339.82 million, a PE ratio of 7.55 and a beta of 0.96. RBB Bancorp has a 52 week low of $8.62 and a 52 week high of $20.22. The business has a 50-day moving average price of $17.40 and a 200 day moving average price of $16.58.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced its earnings results on Monday, April 22nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.08. RBB Bancorp had a net margin of 19.06% and a return on equity of 8.36%. The company had revenue of $58.17 million for the quarter, compared to analyst estimates of $27.40 million. During the same period in the prior year, the business earned $0.58 earnings per share. Sell-side analysts expect that RBB Bancorp will post 1.47 EPS for the current year.

RBB Bancorp Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Tuesday, April 30th. RBB Bancorp's dividend payout ratio is presently 26.34%.

Insider Transactions at RBB Bancorp

In other RBB Bancorp news, Director James Kao acquired 2,000 shares of the company's stock in a transaction on Wednesday, March 13th. The stock was acquired at an average price of $16.98 per share, for a total transaction of $33,960.00. Following the purchase, the director now directly owns 519,175 shares of the company's stock, valued at $8,815,591.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders purchased 35,977 shares of company stock worth $624,060. 6.63% of the stock is owned by insiders.

Hedge Funds Weigh In On RBB Bancorp

Several hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd grew its holdings in RBB Bancorp by 20.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,004 shares of the company's stock worth $248,000 after acquiring an additional 2,191 shares during the last quarter. AJOVista LLC acquired a new position in shares of RBB Bancorp in the 4th quarter worth approximately $59,000. New York State Common Retirement Fund lifted its position in shares of RBB Bancorp by 101.4% in the 4th 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 during the period. Wedge Capital Management L L P NC lifted its position in shares of RBB Bancorp by 0.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 78,338 shares of the company's stock worth $1,492,000 after purchasing an additional 641 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of RBB Bancorp in the 4th quarter worth approximately $177,000. 40.14% of the stock is owned by 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.