RBB Bancorp (NASDAQ:RBB) Announces Earnings Results

Key Points

• RBB Bancorp reported earnings of $0.59 per share for the quarter, exceeding analysts' expectations of $0.41 by $0.18.
• The company's stock rose 3.4%, trading at $17.61, with key metrics including a market capitalization of $303.77 million and a PE ratio of 13.65.
• Analyst ratings for RBB Bancorp include a consensus rating of "Hold" with an average price target of $21.33, reflecting cautious optimism about the company's future performance.

RBB Bancorp (NASDAQ:RBB - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.18, Zacks reports. RBB Bancorp had a net margin of 9.80% and a return on equity of 4.50%.

RBB Bancorp Stock Up 3.4%

NASDAQ:RBB traded up $0.58 during mid-day trading on Monday, reaching $17.61. The company's stock had a trading volume of 42,037 shares, compared to its average volume of 50,328. RBB Bancorp has a 1 year low of $14.40 and a 1 year high of $25.30. The stock has a fifty day moving average of $19.16 and a 200-day moving average of $17.73. The firm has a market capitalization of $303.77 million, a PE ratio of 13.65 and a beta of 1.07. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61.

Wall Street Analysts Forecast Growth

RBB has been the topic of a number of analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of RBB Bancorp in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of RBB Bancorp from $19.00 to $21.00 and gave the company a "market perform" rating in a research report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of RBB Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $21.33.

Institutional Trading of RBB Bancorp

A number of hedge funds have recently added to or reduced their stakes in RBB. Royal Bank of Canada lifted its stake in RBB Bancorp by 20.4% in the first quarter. Royal Bank of Canada now owns 16,312 shares of the company's stock worth $268,000 after acquiring an additional 2,762 shares during the period. Empowered Funds LLC lifted its stake in RBB Bancorp by 8.2% in the first quarter. Empowered Funds LLC now owns 60,331 shares of the company's stock worth $995,000 after acquiring an additional 4,571 shares during the period. Jane Street Group LLC lifted its stake in RBB Bancorp by 75.9% in the first quarter. Jane Street Group LLC now owns 28,823 shares of the company's stock worth $476,000 after acquiring an additional 12,437 shares during the period. Geode Capital Management LLC lifted its stake in RBB Bancorp by 4.2% in the second quarter. Geode Capital Management LLC now owns 362,884 shares of the company's stock worth $6,246,000 after acquiring an additional 14,751 shares during the period. Finally, First Trust Advisors LP lifted its stake in RBB Bancorp by 5.0% in the second quarter. First Trust Advisors LP now owns 11,647 shares of the company's stock worth $200,000 after acquiring an additional 555 shares during the period. 40.14% of the stock is 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.

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