RBB Bancorp (NASDAQ:RBB) Receives Consensus Rating of "Hold" from Brokerages

Shares of RBB Bancorp (NASDAQ:RBB - Get Free Report) have been given an average rating of "Hold" by the five analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.3333.

Several brokerages recently issued reports on RBB. Weiss Ratings restated a "hold (c+)" rating on shares of RBB Bancorp in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on RBB Bancorp from $21.00 to $23.00 and gave the stock a "market perform" rating in a research note on Wednesday. Piper Sandler raised their price objective on RBB Bancorp from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Wednesday. Wall Street Zen raised RBB Bancorp from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Zacks Research raised RBB Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Wednesday.

RBB Bancorp Stock Down 0.4%

RBB opened at $18.98 on Friday. The firm has a 50 day moving average price of $19.09 and a 200 day moving average price of $17.78. The company has a market cap of $327.41 million, a PE ratio of 12.74 and a beta of 1.07. RBB Bancorp has a 1 year low of $14.40 and a 1 year high of $25.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last released its quarterly earnings results on Monday, October 20th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.18. The firm had revenue of $31.95 million during the quarter, compared to analysts' expectations of $31.72 million. RBB Bancorp had a return on equity of 5.11% and a net margin of 11.12%.During the same quarter in the prior year, the business earned $0.39 EPS. Sell-side analysts expect that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, October 31st. RBB Bancorp's dividend payout ratio (DPR) is 42.95%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RBB. BNP Paribas Financial Markets boosted its stake in RBB Bancorp by 84.9% during the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company's stock valued at $31,000 after buying an additional 835 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in RBB Bancorp by 235.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,105 shares of the company's stock worth $53,000 after purchasing an additional 2,178 shares in the last quarter. CWM LLC increased its stake in RBB Bancorp by 95.8% in the 3rd quarter. CWM LLC now owns 5,942 shares of the company's stock worth $111,000 after purchasing an additional 2,908 shares in the last quarter. First Trust Advisors LP increased its stake in RBB Bancorp by 5.0% in the 2nd quarter. First Trust Advisors LP now owns 11,647 shares of the company's stock worth $200,000 after purchasing an additional 555 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in RBB Bancorp by 20.4% in the 1st quarter. Royal Bank of Canada now owns 16,312 shares of the company's stock worth $268,000 after purchasing an additional 2,762 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.