RBB Bancorp (NASDAQ:RBB) Receives Average Recommendation of “Hold” from Analysts

Shares of RBB Bancorp (NASDAQ:RBB) have earned an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $28.25.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of RBB Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, May 30th. Sandler O’Neill lowered shares of RBB Bancorp from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $21.00 to $20.50 in a report on Wednesday, April 24th. FIG Partners reissued an “outperform” rating on shares of RBB Bancorp in a report on Friday, April 12th. TheStreet raised shares of RBB Bancorp from a “d+” rating to a “c-” rating in a report on Monday, June 24th. Finally, BidaskClub raised shares of RBB Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday.

Shares of RBB traded down $1.26 during trading hours on Thursday, hitting $18.84. The stock had a trading volume of 37,500 shares, compared to its average volume of 39,471. The company’s fifty day moving average price is $19.44. 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 $30.74. The stock has a market capitalization of $398.47 million, a PE ratio of 9.03 and a beta of 1.09.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.07). RBB Bancorp had a return on equity of 10.96% and a net margin of 25.83%. The company had revenue of $29.81 million for the quarter, compared to the consensus estimate of $32.60 million. On average, analysts anticipate that RBB Bancorp will post 1.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, July 30th. RBB Bancorp’s dividend payout ratio is currently 18.78%.

In other RBB Bancorp news, Director James Kao bought 10,000 shares of RBB Bancorp stock in a transaction dated Thursday, May 30th. The shares were bought at an average price of $188,000.00 per share, with a total value of $1,880,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 23.92% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its stake 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 purchasing an additional 4,500 shares during the last quarter. Context BH Capital Management LP raised its position in shares of RBB Bancorp by 2.7% in the 1st quarter. Context BH Capital Management LP now owns 288,321 shares of the company’s stock valued at $5,420,000 after acquiring an additional 7,650 shares during the period. Northern Trust Corp raised its position in shares of RBB Bancorp by 4.5% in the 4th quarter. Northern Trust Corp now owns 155,950 shares of the company’s stock valued at $2,740,000 after acquiring an additional 6,729 shares during the period. Dimensional Fund Advisors LP raised its position in shares of RBB Bancorp by 123.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 100,207 shares of the company’s stock valued at $1,761,000 after acquiring an additional 55,461 shares during the period. Finally, Mackay Shields LLC raised its position in shares of RBB Bancorp by 21.5% in the 4th quarter. Mackay Shields LLC now owns 41,549 shares of the company’s stock valued at $730,000 after acquiring an additional 7,349 shares during the period. 29.98% of the stock is currently owned by institutional investors.

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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