RBB Bancorp (NASDAQ:RBB) Upgraded to C- by TheStreet

TheStreet upgraded shares of RBB Bancorp (NASDAQ:RBB) from a d+ rating to a c- rating in a report released on Monday morning, TheStreetRatingsTable reports.

A number of other equities analysts have also recently commented on RBB. Zacks Investment Research raised RBB Bancorp from a sell rating to a hold rating in a report on Wednesday, February 27th. FIG Partners reissued an outperform rating on shares of RBB Bancorp in a report on Friday, April 12th. Finally, Sandler O’Neill cut RBB Bancorp from a buy rating to a hold rating and lowered their price target for the stock from $21.00 to $20.50 in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. RBB Bancorp currently has a consensus rating of Hold and a consensus target price of $26.50.

RBB Bancorp stock opened at $19.47 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.25 and a quick ratio of 1.08. RBB Bancorp has a 52 week low of $17.03 and a 52 week high of $33.39. The firm has a market cap of $395.58 million, a PE ratio of 9.14 and a beta of 1.12. The stock’s fifty day simple moving average is $19.38.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, April 22nd. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). RBB Bancorp had a return on equity of 11.28% and a net margin of 28.46%. The business had revenue of $30.11 million for the quarter, compared to analyst estimates of $31.36 million. As a group, research analysts anticipate that RBB Bancorp will post 2.1 earnings per share for the current year.

In other news, Director James Kao acquired 10,000 shares of RBB Bancorp stock in a transaction that occurred on Thursday, May 30th. The shares were acquired at an average price of $188,000.00 per share, for a total transaction of $1,880,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 23.92% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Boston Partners grew its position in shares of RBB Bancorp by 1.8% in the 4th quarter. Boston Partners now owns 123,523 shares of the company’s stock valued at $2,170,000 after buying an additional 2,242 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of RBB Bancorp by 561.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,886 shares of the company’s stock valued at $54,000 after buying an additional 2,450 shares during the last quarter. Globeflex Capital L P grew its position in shares of RBB Bancorp by 18.5% in the 1st quarter. Globeflex Capital L P now owns 22,271 shares of the company’s stock valued at $419,000 after buying an additional 3,471 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of RBB Bancorp by 356.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,745 shares of the company’s stock valued at $83,000 after buying an additional 3,706 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of RBB Bancorp by 87.4% in the 4th quarter. Bank of America Corp DE now owns 9,647 shares of the company’s stock valued at $170,000 after buying an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 29.97% of the company’s stock.

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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