RBB Bancorp (NASDAQ:RBB) Director David Richard Morris Sells 4,500 Shares

RBB Bancorp (NASDAQ:RBB) Director David Richard Morris sold 4,500 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $23.90, for a total transaction of $107,550.00. Following the transaction, the director owned 43,422 shares of the company’s stock, valued at $1,037,785.80. This represents a 9.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

RBB Bancorp Stock Performance

NASDAQ:RBB traded up $0.25 on Tuesday, reaching $24.14. 40,381 shares of the company’s stock were exchanged, compared to its average volume of 71,983. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $412.17 million, a price-to-earnings ratio of 10.23 and a beta of 1.07. RBB Bancorp has a 52 week low of $14.66 and a 52 week high of $24.73. The stock has a fifty day simple moving average of $22.08 and a 200-day simple moving average of $21.14.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, April 20th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.21. The firm had revenue of $34.75 million during the quarter, compared to analyst estimates of $32.38 million. RBB Bancorp had a net margin of 16.76% and a return on equity of 7.90%. As a group, sell-side analysts predict that RBB Bancorp will post 2.35 earnings per share for the current year.

RBB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 2.7%. RBB Bancorp’s dividend payout ratio is currently 27.12%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of RBB Bancorp in a research report on Monday, April 27th. Zacks Research upgraded RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Hovde Group upped their price target on RBB Bancorp from $23.00 to $26.00 and gave the company a “market perform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen cut RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.33.

Institutional Trading of RBB Bancorp

A number of large investors have recently modified their holdings of the business. Hillsdale Investment Management Inc. boosted its position in shares of RBB Bancorp by 48.2% during the 1st quarter. Hillsdale Investment Management Inc. now owns 221,400 shares of the company’s stock valued at $4,731,000 after acquiring an additional 72,000 shares during the last quarter. Strs Ohio boosted its position in shares of RBB Bancorp by 4.6% during the 1st quarter. Strs Ohio now owns 27,400 shares of the company’s stock valued at $586,000 after acquiring an additional 1,200 shares during the last quarter. Empowered Funds LLC boosted its position in shares of RBB Bancorp by 10.8% during the 4th quarter. Empowered Funds LLC now owns 82,184 shares of the company’s stock valued at $1,696,000 after acquiring an additional 7,997 shares during the last quarter. Azora Capital LP bought a new stake in shares of RBB Bancorp during the 4th quarter valued at about $638,000. Finally, Bridgeway Capital Management LLC boosted its position in shares of RBB Bancorp by 12.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 158,067 shares of the company’s stock valued at $3,263,000 after acquiring an additional 17,997 shares during the last quarter. Institutional investors 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.