RBB Bancorp (RBB) Shares Bought by Boston Partners

Boston Partners grew its holdings in shares of RBB Bancorp (NASDAQ:RBB) by 3.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 127,867 shares of the company’s stock after purchasing an additional 4,344 shares during the quarter. Boston Partners’ holdings in RBB Bancorp were worth $2,404,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Wedge Capital Management L L P NC increased its stake in RBB Bancorp by 26.6% in the 1st quarter. Wedge Capital Management L L P NC now owns 66,153 shares of the company’s stock worth $1,244,000 after purchasing an additional 13,900 shares during the period. BNP Paribas Arbitrage SA increased its stake in RBB Bancorp by 561.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,886 shares of the company’s stock worth $54,000 after purchasing an additional 2,450 shares during the period. Geode Capital Management LLC increased its stake in RBB Bancorp by 17.1% in the 4th quarter. Geode Capital Management LLC now owns 122,667 shares of the company’s stock worth $2,155,000 after purchasing an additional 17,882 shares during the period. Dimensional Fund Advisors LP increased its stake in RBB Bancorp by 123.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 100,207 shares of the company’s stock worth $1,761,000 after purchasing an additional 55,461 shares during the period. Finally, Context BH Capital Management LP increased its stake in RBB Bancorp by 3,014.1% in the 4th quarter. Context BH Capital Management LP now owns 280,671 shares of the company’s stock worth $4,931,000 after purchasing an additional 271,658 shares during the period. Hedge funds and other institutional investors own 28.39% of the company’s stock.

Shares of RBB Bancorp stock opened at $19.63 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.06 and a current ratio of 1.27. The company has a market capitalization of $393.45 million, a price-to-earnings ratio of 9.10 and a beta of 1.23. RBB Bancorp has a one year low of $17.03 and a one year high of $33.62.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, April 22nd. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.04). The company had revenue of $30.11 million during the quarter, compared to analysts’ expectations of $31.36 million. RBB Bancorp had a return on equity of 11.87% and a net margin of 28.46%. As a group, equities analysts expect that RBB Bancorp will post 2.19 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, May 2nd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 2.04%. RBB Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

A number of brokerages have commented on RBB. Zacks Investment Research raised RBB Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, February 27th. ValuEngine cut RBB Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. FIG Partners reaffirmed an “outperform” rating on shares of RBB Bancorp in a research note on Friday, April 12th. Finally, Sandler O’Neill cut RBB Bancorp from a “buy” rating to a “hold” rating and decreased their price target for the stock from $21.00 to $20.50 in a research note on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.50.

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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.

Further Reading: Return on Equity (ROE)

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

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