RBB Bancorp (NASDAQ:RBB) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of RBB Bancorp (NASDAQ:RBB) from a buy rating to a hold rating in a research report report published on Saturday.

Several other brokerages also recently issued reports on RBB. Keefe, Bruyette & Woods boosted their price target on shares of RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, October 22nd. Zacks Research lowered shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of RBB Bancorp in a research note on Wednesday. Finally, Piper Sandler lifted their price target on RBB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $22.33.

RBB Bancorp Stock Up 1.0%

NASDAQ:RBB opened at $20.74 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $21.17 and a 200-day moving average of $19.76. The firm has a market capitalization of $353.62 million, a PE ratio of 11.33 and a beta of 1.08. RBB Bancorp has a 52 week low of $14.40 and a 52 week high of $22.58.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, January 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.10. The business had revenue of $32.32 million for the quarter, compared to the consensus estimate of $33.23 million. RBB Bancorp had a return on equity of 6.21% and a net margin of 13.42%. Analysts predict that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, January 30th. RBB Bancorp’s payout ratio is 34.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RBB. Fourthstone LLC acquired a new stake in RBB Bancorp in the second quarter worth approximately $2,830,000. Arrowstreet Capital Limited Partnership raised its stake in shares of RBB Bancorp by 80.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 200,190 shares of the company’s stock worth $3,756,000 after buying an additional 89,035 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of RBB Bancorp by 213.9% in the third quarter. Millennium Management LLC now owns 64,005 shares of the company’s stock valued at $1,201,000 after buying an additional 43,617 shares during the period. First Trust Advisors LP boosted its stake in RBB Bancorp by 319.2% during the third quarter. First Trust Advisors LP now owns 48,829 shares of the company’s stock valued at $916,000 after buying an additional 37,182 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in RBB Bancorp by 94.7% during the third quarter. Two Sigma Investments LP now owns 54,809 shares of the company’s stock worth $1,028,000 after acquiring an additional 26,662 shares during the period. Institutional investors and hedge funds own 40.14% of the company’s stock.

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.