Insider Selling: RBB Bancorp (NASDAQ:RBB) Director Sells $46,684.54 in Stock

RBB Bancorp (NASDAQ:RBB) Director David Richard Morris sold 1,946 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $23.99, for a total value of $46,684.54. Following the completion of the sale, the director owned 43,422 shares of the company’s stock, valued at approximately $1,041,693.78. This trade represents a 4.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

David Richard Morris also recently made the following trade(s):

• On Monday, May 4th, David Richard Morris sold 4,500 shares of RBB Bancorp stock. The shares were sold at an average price of $23.90, for a total value of $107,550.00.

RBB Bancorp Stock Performance

Shares of RBB Bancorp stock opened at $24.50 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.50. The firm has a market cap of $414.93 million, a price-to-earnings ratio of 10.38 and a beta of 1.05. The business has a fifty day simple moving average of $23.37 and a 200-day simple moving average of $22.05. RBB Bancorp has a fifty-two week low of $15.94 and a fifty-two week high of $24.87.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Monday, April 20th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.21. The business had revenue of $34.75 million during the quarter, compared to analyst estimates of $32.38 million. RBB Bancorp had a return on equity of 7.85% and a net margin of 16.76%. On average, equities analysts forecast that RBB Bancorp will post 2.35 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, April 30th. RBB Bancorp’s dividend payout ratio is currently 27.12%.

Wall Street Analyst Weigh In

RBB has been the subject of several analyst reports. Hovde Group upped their target price on RBB Bancorp from $23.00 to $26.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Weiss Ratings raised RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Zacks Research raised RBB Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, RBB Bancorp currently has a consensus rating of “Moderate Buy” and an average target price of $23.33.

Institutional Investors Weigh In On RBB Bancorp

Hedge funds have recently modified their holdings of the stock. Torren Management LLC acquired a new position in RBB Bancorp during the fourth quarter valued at $28,000. CANADA LIFE ASSURANCE Co acquired a new position in RBB Bancorp during the fourth quarter valued at $34,000. BNP Paribas Financial Markets raised its position in RBB Bancorp by 84.9% during the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock valued at $31,000 after buying an additional 835 shares during the period. SG Americas Securities LLC acquired a new position in RBB Bancorp during the fourth quarter valued at $112,000. Finally, PNC Financial Services Group Inc. raised its position in RBB Bancorp by 75.3% during the third quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the company’s stock valued at $102,000 after buying an additional 2,337 shares during the period. 40.14% of the stock is owned by hedge funds and other institutional investors.

About RBB Bancorp

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.