Geode Capital Management LLC trimmed its position in RBB Bancorp (NASDAQ:RBB - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 329,119 shares of the company's stock after selling 20,341 shares during the period. Geode Capital Management LLC owned approximately 1.86% of RBB Bancorp worth $6,745,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in shares of RBB Bancorp by 20.0% during the 4th quarter. SG Americas Securities LLC now owns 6,992 shares of the company's stock worth $143,000 after acquiring an additional 1,167 shares during the period. R Squared Ltd purchased a new stake in RBB Bancorp during the 4th quarter worth about $29,000. Rhumbline Advisers raised its holdings in RBB Bancorp by 6.0% in the fourth quarter. Rhumbline Advisers now owns 26,554 shares of the company's stock valued at $544,000 after acquiring an additional 1,508 shares in the last quarter. Empowered Funds LLC lifted its position in shares of RBB Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 55,760 shares of the company's stock worth $1,143,000 after purchasing an additional 2,662 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of RBB Bancorp by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 807,176 shares of the company's stock valued at $16,539,000 after acquiring an additional 5,484 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company's stock.
RBB Bancorp Stock Down 2.3 %
RBB stock traded down $0.36 during midday trading on Wednesday, hitting $15.58. 33,436 shares of the company's stock were exchanged, compared to its average volume of 49,319. The firm has a 50 day moving average price of $16.38 and a 200-day moving average price of $19.76. RBB Bancorp has a 12-month low of $14.40 and a 12-month high of $25.30. The stock has a market capitalization of $276.37 million, a price-to-earnings ratio of 10.67 and a beta of 0.89. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66.
RBB Bancorp (NASDAQ:RBB - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.25). The company had revenue of $28.46 million for the quarter, compared to the consensus estimate of $28.98 million. RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. On average, analysts anticipate that RBB Bancorp will post 1.63 EPS for the current year.
RBB Bancorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Wednesday, April 30th. RBB Bancorp's payout ratio is currently 43.84%.
Insiders Place Their Bets
In other RBB Bancorp news, Director James Kao purchased 3,352 shares of RBB Bancorp stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of $17.31 per share, for a total transaction of $58,023.12. Following the transaction, the director now owns 551,863 shares in the company, valued at $9,552,748.53. This represents a 0.61 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 9,924 shares of company stock valued at $171,398 in the last quarter. Insiders own 4.56% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on RBB. Keefe, Bruyette & Woods decreased their price target on shares of RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Stephens reduced their price objective on shares of RBB Bancorp from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler dropped their target price on shares of RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th.
View Our Latest Research Report on RBB Bancorp
About RBB Bancorp
(
Free Report)
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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