RBB Bancorp (NASDAQ:RBB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of RBB Bancorp (NASDAQ:RBB) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $25.50.

A number of equities research analysts recently weighed in on RBB shares. Zacks Research downgraded shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Hovde Group raised shares of RBB Bancorp from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $26.00 to $29.00 in a report on Tuesday, June 16th. Stephens lifted their target price on RBB Bancorp from $26.00 to $29.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised RBB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 21st.

Insider Buying and Selling at RBB Bancorp

In other RBB Bancorp news, EVP Gary Fan sold 2,368 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $24.01, for a total value of $56,855.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Richard Morris sold 1,946 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $23.99, for a total transaction of $46,684.54. Following the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 18,814 shares of company stock worth $453,390. 6.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hillsdale Investment Management Inc. acquired a new stake in shares of RBB Bancorp in the fourth quarter valued at approximately $3,084,000. North Reef Capital Management LP bought a new stake in shares of RBB Bancorp during the first quarter valued at approximately $1,371,000. GSA Capital Partners LLP boosted its position in shares of RBB Bancorp by 224.7% during the fourth quarter. GSA Capital Partners LLP now owns 39,576 shares of the company’s stock worth $817,000 after buying an additional 27,386 shares during the period. Azora Capital LP acquired a new position in shares of RBB Bancorp during the fourth quarter worth approximately $638,000. Finally, Rhino Investment Partners Inc grew its holdings in RBB Bancorp by 9.4% in the 1st quarter. Rhino Investment Partners Inc now owns 338,810 shares of the company’s stock worth $7,240,000 after buying an additional 29,070 shares in the last quarter. 40.14% of the stock is owned by institutional investors and hedge funds.

RBB Bancorp Stock Performance

RBB Bancorp stock opened at $26.26 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.06 and a quick ratio of 1.06. RBB Bancorp has a 12 month low of $16.74 and a 12 month high of $28.24. The company has a fifty day moving average price of $25.76 and a two-hundred day moving average price of $23.42. The company has a market cap of $444.74 million, a PE ratio of 10.81 and a beta of 1.03.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, July 20th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. RBB Bancorp had a net margin of 17.26% and a return on equity of 7.99%. The company had revenue of $33.10 million for the quarter, compared to analysts’ expectations of $33.17 million. Research analysts expect that RBB Bancorp will post 2.37 earnings per share for the current year.

RBB Bancorp announced that its Board of Directors has authorized a stock buyback program on Monday, June 15th that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

RBB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Investors of record on Friday, July 31st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, July 31st. RBB Bancorp’s dividend payout ratio is presently 26.34%.

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.