RBB Bancorp (NASDAQ:RBB) EVP Gary Fan Sells 6,000 Shares

Key Points

• RBB Bancorp EVP Gary Fan sold 6,000 shares on April 29 at an average price of $24.04 for proceeds of $144,240, leaving him with 1,437 shares — an 80.68% reduction in his position.
• RBB Bancorp beat expectations for the quarter, reporting EPS of $0.66 versus a $0.45 consensus and revenue of $34.75 million versus $32.38 million estimated.
• The company declared a quarterly dividend of $0.16 per share (2.6% yield; ex-dividend April 30, payable May 15), the stock traded up to $24.54, and analysts maintain a consensus Hold with a $23.33 price target.

RBB Bancorp (NASDAQ:RBB - Get Free Report) EVP Gary Fan sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $24.04, for a total transaction of $144,240.00. Following the sale, the executive vice president owned 1,437 shares in the company, valued at approximately $34,545.48. This trade represents a 80.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

RBB Bancorp Trading Up 1.7%

NASDAQ RBB traded up $0.42 during mid-day trading on Friday, reaching $24.54. 236,437 shares of the stock were exchanged, compared to its average volume of 71,079. RBB Bancorp has a 1-year low of $14.66 and a 1-year high of $24.73. The business's fifty day simple moving average is $22.04 and its 200 day simple moving average is $21.05. The stock has a market capitalization of $418.81 million, a PE ratio of 10.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced its earnings results on Monday, April 20th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.21. RBB Bancorp had a net margin of 16.76% and a return on equity of 7.90%. The firm had revenue of $34.75 million for the quarter, compared to analyst estimates of $32.38 million. On average, research analysts anticipate that RBB Bancorp will post 2.35 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 2.6%. RBB Bancorp's dividend payout ratio (DPR) is 27.12%.

Analyst Ratings Changes

A number of brokerages have weighed in on RBB. Weiss Ratings reiterated a "hold (c)" rating on shares of RBB Bancorp in a report on Monday. Wall Street Zen lowered shares of RBB Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Hovde Group lifted their price target on shares of RBB Bancorp from $23.00 to $26.00 and gave the company a "market perform" rating in a report on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of RBB Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $23.33.

Hedge Funds Weigh In On RBB Bancorp

A number of hedge funds have recently made changes to their positions in RBB. First Trust Advisors LP increased its stake in RBB Bancorp by 5.0% during the 2nd quarter. First Trust Advisors LP now owns 11,647 shares of the company's stock worth $200,000 after buying an additional 555 shares during the period. PNC Financial Services Group Inc. increased its stake in RBB Bancorp by 12.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,145 shares of the company's stock worth $127,000 after buying an additional 703 shares during the period. BNP Paribas Financial Markets increased its stake in RBB Bancorp by 84.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company's stock worth $31,000 after buying an additional 835 shares during the period. Public Employees Retirement System of Ohio increased its stake in RBB Bancorp by 17.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,593 shares of the company's stock worth $124,000 after buying an additional 1,000 shares during the period. Finally, Barclays PLC increased its stake in RBB Bancorp by 4.4% during the 4th quarter. Barclays PLC now owns 25,157 shares of the company's stock worth $519,000 after buying an additional 1,067 shares during the period. Hedge funds and other institutional investors own 40.14% of the company's stock.

About RBB Bancorp

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company's core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.

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