RBB Bancorp (NASDAQ:RBB) Shares Down 1.4% - Should You Sell?

Key Points

• Shares fell 1.4% to $21.08 on Monday with volume up about 13% (84,098 shares), trading slightly below its 50‑day moving average of $21.55 but above the 200‑day of $20.33.
• Several research firms have trimmed ratings, leaving a consensus Hold rating and an average price target of $22.00.
• RBB beat Q4 EPS expectations ($0.59 vs. $0.49) but missed revenue estimates ($32.32M vs. $33.23M), and it pays a quarterly dividend of $0.16 (annualized yield ~3.0%).

RBB Bancorp (NASDAQ:RBB - Get Free Report)'s share price dropped 1.4% on Monday . The company traded as low as $20.39 and last traded at $21.08. Approximately 84,098 shares were traded during trading, an increase of 13% from the average daily volume of 74,187 shares. The stock had previously closed at $21.38.

Analyst Upgrades and Downgrades

RBB has been the topic of several recent research reports. Wall Street Zen downgraded RBB Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Zacks Research downgraded shares of RBB Bancorp from a "strong-buy" rating to a "hold" rating in a report on Monday, December 22nd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of RBB Bancorp in a research report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, RBB Bancorp presently has an average rating of "Hold" and a consensus price target of $22.00.

RBB Bancorp Stock Performance

The firm has a market capitalization of $359.41 million, a price-to-earnings ratio of 11.52 and a beta of 1.08. The company has a 50-day moving average price of $21.55 and a 200-day moving average price of $20.33. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced its earnings results on Tuesday, January 27th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.10. RBB Bancorp had a return on equity of 6.21% and a net margin of 13.42%.The firm had revenue of $32.32 million for the quarter, compared to the consensus estimate of $33.23 million. As a group, equities research analysts forecast that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $0.64 annualized dividend and a yield of 3.0%. RBB Bancorp's dividend payout ratio (DPR) is presently 34.97%.

Institutional Trading of RBB Bancorp

Institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its holdings in shares of RBB Bancorp by 5.0% in the second quarter. First Trust Advisors LP now owns 11,647 shares of the company's stock valued at $200,000 after acquiring an additional 555 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in RBB Bancorp by 12.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,145 shares of the company's stock worth $127,000 after purchasing an additional 703 shares in the last quarter. BNP Paribas Financial Markets lifted its position in RBB Bancorp by 84.9% in the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company's stock worth $31,000 after purchasing an additional 835 shares during the period. Public Employees Retirement System of Ohio boosted 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 valued at $124,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Barclays PLC boosted its stake in RBB Bancorp by 4.4% during the 4th quarter. Barclays PLC now owns 25,157 shares of the company's stock valued at $519,000 after purchasing an additional 1,067 shares in the last quarter. 40.14% of the stock is owned by institutional investors and hedge funds.

RBB Bancorp Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.