Rhino Investment Partners Inc Buys 358,779 Shares of RBB Bancorp (NASDAQ:RBB)

Rhino Investment Partners Inc lifted its holdings in RBB Bancorp (NASDAQ:RBB - Free Report) by 231.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 513,546 shares of the company's stock after purchasing an additional 358,779 shares during the quarter. RBB Bancorp accounts for approximately 2.3% of Rhino Investment Partners Inc's holdings, making the stock its 18th largest position. Rhino Investment Partners Inc owned approximately 2.90% of RBB Bancorp worth $10,523,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new stake in RBB Bancorp during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC increased its position in RBB Bancorp by 195.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company's stock worth $36,000 after buying an additional 1,149 shares during the last quarter. SG Americas Securities LLC lifted its holdings in RBB Bancorp by 20.0% in the 4th quarter. SG Americas Securities LLC now owns 6,992 shares of the company's stock worth $143,000 after purchasing an additional 1,167 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in RBB Bancorp by 25.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,564 shares of the company's stock valued at $196,000 after acquiring an additional 1,925 shares during the period. Finally, MetLife Investment Management LLC lifted its holdings in shares of RBB Bancorp by 14.9% during the fourth quarter. MetLife Investment Management LLC now owns 10,315 shares of the company's stock worth $211,000 after buying an additional 1,336 shares during the last quarter. 40.14% of the stock is owned by institutional investors and hedge funds.

RBB Bancorp Price Performance

RBB Bancorp stock traded down $0.08 during mid-day trading on Tuesday, hitting $15.70. 4,154 shares of the company were exchanged, compared to its average volume of 49,150. RBB Bancorp has a 1-year low of $14.40 and a 1-year high of $25.30. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The business has a fifty day moving average of $16.28 and a 200 day moving average of $19.53. The company has a market capitalization of $278.41 million, a PE ratio of 10.75 and a beta of 1.04.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.25). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. The firm had revenue of $28.46 million for the quarter, compared to the consensus estimate of $28.98 million. As a group, sell-side analysts expect that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be given a $0.16 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 4.08%. RBB Bancorp's payout ratio is 55.17%.

Insiders Place Their Bets

In related news, Director James Kao purchased 3,352 shares of RBB Bancorp stock in a transaction dated Friday, February 21st. The shares were acquired at an average cost of $17.31 per share, for a total transaction of $58,023.12. Following the transaction, the director now directly owns 551,863 shares of the company's stock, valued at approximately $9,552,748.53. This trade represents a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders bought 9,924 shares of company stock valued at $171,398. 4.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating on the stock in a report on Friday, February 7th. Piper Sandler lowered their price target on shares of RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, 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 report on Wednesday, February 5th.

About RBB Bancorp

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.