RBB Bancorp's (RBB) "Hold (C+)" Rating Reiterated at Weiss Ratings

Key Points

• RBB Bancorp has had its stock rating maintained at "Hold (C+)" by Weiss Ratings, with a consensus price target of $21.33 from multiple analysts.
• The company's shares recently opened at $18.12 and reported an earnings per share of $0.52, significantly surpassing the estimated $0.36.
• Institutional investors have shown increased interest, with notable stakes raised by firms such as PNC Financial Services and BNP Paribas Financial Markets.

RBB Bancorp (NASDAQ:RBB - Get Free Report)'s stock had its "hold (c+)" rating reissued by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other analysts have also recently issued reports on the company. Wall Street Zen upgraded RBB Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods increased their target price on RBB Bancorp from $19.00 to $21.00 and gave the company a "market perform" rating in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, RBB Bancorp presently has a consensus rating of "Hold" and a consensus price target of $21.33.

RBB Bancorp Stock Down 0.5%

Shares of NASDAQ:RBB opened at $18.12 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.61. RBB Bancorp has a fifty-two week low of $14.40 and a fifty-two week high of $25.30. The firm's 50 day moving average price is $19.28 and its 200 day moving average price is $17.67. The stock has a market cap of $312.57 million, a price-to-earnings ratio of 14.05 and a beta of 1.07.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last issued its earnings results on Monday, July 21st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.36 by $0.16. RBB Bancorp had a net margin of 9.80% and a return on equity of 4.50%. The company had revenue of $35.81 million for the quarter, compared to analyst estimates of $29.60 million. As a group, equities research analysts predict that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On RBB Bancorp

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in shares of RBB Bancorp by 84.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company's stock valued at $31,000 after acquiring an additional 835 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of RBB Bancorp by 235.0% during 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. First Trust Advisors LP boosted 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 valued at $200,000 after buying an additional 555 shares in the last quarter. Royal Bank of Canada boosted 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 valued at $268,000 after buying an additional 2,762 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in RBB Bancorp by 22.6% in the 4th quarter. Bank of America Corp DE now owns 18,749 shares of the company's stock valued at $384,000 after buying an additional 3,462 shares in the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

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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