RBB Bancorp (RBB) Stake Lowered by First Trust Advisors LP

First Trust Advisors LP lowered its holdings in RBB Bancorp (NASDAQ:RBB) by 2.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 38,247 shares of the company’s stock after selling 1,016 shares during the quarter. First Trust Advisors LP owned about 0.20% of RBB Bancorp worth $672,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in RBB Bancorp by 276.4% during the 2nd quarter. Bank of America Corp DE now owns 3,222 shares of the company’s stock worth $104,000 after buying an additional 2,366 shares during the last quarter. Cox Capital Mgt LLC grew its stake in RBB Bancorp by 9.7% during the 4th quarter. Cox Capital Mgt LLC now owns 11,805 shares of the company’s stock worth $215,000 after buying an additional 1,047 shares during the last quarter. SG Americas Securities LLC purchased a new position in RBB Bancorp during the 3rd quarter worth approximately $229,000. MetLife Investment Advisors LLC purchased a new position in RBB Bancorp during the 3rd quarter worth approximately $255,000. Finally, Virtu Financial LLC purchased a new position in RBB Bancorp during the 3rd quarter worth approximately $260,000. Institutional investors and hedge funds own 29.77% of the company’s stock.

Shares of RBB stock traded down $0.07 during midday trading on Friday, hitting $19.54. The company had a trading volume of 14,683 shares, compared to its average volume of 46,384. RBB Bancorp has a 52-week low of $17.03 and a 52-week high of $33.62. The company has a market capitalization of $392.25 million, a P/E ratio of 9.17 and a beta of 1.23. The company has a current ratio of 1.27, a quick ratio of 1.06 and a debt-to-equity ratio of 1.16.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, January 28th. The company reported $0.47 earnings per share for the quarter. The company had revenue of $31.07 million for the quarter. RBB Bancorp had a return on equity of 11.78% and a net margin of 31.77%. As a group, equities analysts predict that RBB Bancorp will post 2.17 earnings per share for the current fiscal year.

RBB has been the topic of several analyst reports. Zacks Investment Research upgraded RBB Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. FIG Partners reiterated an “outperform” rating on shares of RBB Bancorp in a research note on Friday, April 12th. Finally, ValuEngine downgraded RBB Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $31.33.

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About RBB Bancorp

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.

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Institutional Ownership by Quarter for RBB Bancorp (NASDAQ:RBB)

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