RBB Bancorp (NASDAQ:RBB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

RBB Bancorp (NASDAQ:RBB - Get Free Report)'s stock had its "market perform" rating restated by Keefe, Bruyette & Woods in a note issued to investors on Thursday, Benzinga reports. They currently have a $22.00 target price on the stock, up from their prior target price of $20.00. Keefe, Bruyette & Woods' price objective suggests a potential upside of 21.75% from the stock's previous close.

A number of other equities analysts have also weighed in on the stock. TheStreet upgraded shares of RBB Bancorp from a "c+" rating to a "b-" rating in a research report on Wednesday, December 27th. Hovde Group began coverage on shares of RBB Bancorp in a research report on Monday. They set a "market perform" rating and a $19.00 target price for the company. Finally, Stephens restated an "equal weight" rating and set a $20.00 target price on shares of RBB Bancorp in a research report on Tuesday. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.50.

RBB Bancorp Stock Performance

RBB stock traded down $0.43 during midday trading on Thursday, reaching $18.07. 59,080 shares of the company's stock traded hands, compared to its average volume of 41,406. The stock has a market cap of $336.50 million, a P/E ratio of 8.11 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 stock's 50-day moving average is $17.43 and its 200 day moving average is $16.64. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.08. The business had revenue of $58.17 million during the quarter, compared to analyst estimates of $27.40 million. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. During the same period in the prior year, the business posted $0.58 earnings per share. As a group, analysts anticipate that RBB Bancorp will post 1.47 EPS for the current year.

Insider Buying and Selling at RBB Bancorp

In other RBB Bancorp news, Director James Kao acquired 5,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was acquired at an average price of $17.02 per share, for a total transaction of $85,100.00. Following the completion of the transaction, the director now directly owns 485,376 shares of the company's stock, valued at $8,261,099.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired 35,977 shares of company stock worth $624,060 over the last 90 days. 6.63% of the stock is owned by insiders.

Hedge Funds Weigh In On RBB Bancorp

Institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd raised its stake in shares of RBB Bancorp by 20.3% in the fourth quarter. Quadrature Capital Ltd now owns 13,004 shares of the company's stock valued at $248,000 after acquiring an additional 2,191 shares during the period. AJOVista LLC purchased a new stake in shares of RBB Bancorp in the fourth quarter valued at $59,000. New York State Common Retirement Fund raised its stake in shares of RBB Bancorp by 101.4% in the fourth quarter. New York State Common Retirement Fund now owns 8,943 shares of the company's stock valued at $170,000 after acquiring an additional 4,503 shares during the period. Wedge Capital Management L L P NC lifted its holdings in RBB Bancorp by 0.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 78,338 shares of the company's stock valued at $1,492,000 after buying an additional 641 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in RBB Bancorp during the 4th quarter valued at about $177,000. 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.