Wedge Capital Management L L P NC Buys 641 Shares of RBB Bancorp (NASDAQ:RBB)

Wedge Capital Management L L P NC boosted its stake in shares of RBB Bancorp (NASDAQ:RBB) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,338 shares of the company’s stock after buying an additional 641 shares during the quarter. Wedge Capital Management L L P NC’s holdings in RBB Bancorp were worth $1,492,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. SG Americas Securities LLC bought a new position in shares of RBB Bancorp during the 4th quarter worth approximately $177,000. Quadrature Capital Ltd bought a new position in shares of RBB Bancorp during the 3rd quarter worth approximately $138,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of RBB Bancorp by 36.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company’s stock worth $44,000 after acquiring an additional 929 shares in the last quarter. Institutional investors own 40.14% of the company’s stock.

RBB Bancorp Stock Performance

RBB opened at $18.50 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a fifty day moving average price of $17.42 and a 200 day moving average price of $16.62. RBB Bancorp has a 1 year low of $8.62 and a 1 year high of $20.22. The stock has a market cap of $344.47 million, a P/E ratio of 8.11 and a beta of 0.96.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Tuesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.08. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. The firm had revenue of $58.17 million during the quarter, compared to analysts’ expectations of $27.40 million. During the same period in the previous year, the business posted $0.58 EPS. Equities research analysts anticipate that RBB Bancorp will post 1.47 earnings per share for the current year.

RBB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Wednesday, May 1st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Tuesday, April 30th. RBB Bancorp’s dividend payout ratio is currently 28.07%.

Analyst Upgrades and Downgrades

RBB has been the subject of several recent analyst reports. Stephens reiterated an “equal weight” rating and set a $20.00 price objective on shares of RBB Bancorp in a research note on Tuesday. Hovde Group started coverage on shares of RBB Bancorp in a research note on Monday. They set a “market perform” rating and a $19.00 price objective for the company. Keefe, Bruyette & Woods boosted their target price on shares of RBB Bancorp from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Finally, TheStreet raised shares of RBB Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.00.

Insider Activity at RBB Bancorp

In other news, Director James Kao bought 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was purchased at an average cost of $18.05 per share, for a total transaction of $216,600.00. Following the purchase, the director now directly owns 460,376 shares in the company, valued at approximately $8,309,786.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders bought a total of 35,977 shares of company stock worth $624,060 in the last three months. Company insiders own 6.63% of the company’s stock.

RBB Bancorp 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.