Key Points
- EVP Gary Fan sold 6,000 shares on April 29 at an average price of $24.04 for $144,240, leaving him with 1,437 shares — an 80.68% reduction in his ownership.
- Company beat expectations and announced a dividend: RBB reported Q1 EPS of $0.66 versus $0.45 expected and revenue of $34.75M, and declared a $0.16 quarterly dividend (annualized $0.64, ~2.6% yield).
- Valuation and analyst stance: RBB has a market cap of $413.8M and a P/E of 10.27, with a consensus rating of "Hold" and a $23.33 price target amid mixed analyst actions (Zacks upgraded to Strong Buy; Hovde raised its target to $26).
RBB Bancorp (NASDAQ:RBB - Get Free Report) EVP Gary Fan sold 6,000 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $24.04, for a total transaction of $144,240.00. Following the completion of the sale, the executive vice president owned 1,437 shares in the company, valued at $34,545.48. This represents a 80.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
RBB Bancorp Stock Performance
NASDAQ RBB opened at $24.24 on Friday. RBB Bancorp has a 1 year low of $14.66 and a 1 year high of $24.73. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $413.78 million, a PE ratio of 10.27 and a beta of 1.07. The company's 50 day simple moving average is $22.04 and its two-hundred day simple moving average is $21.05.
RBB Bancorp (NASDAQ:RBB - Get Free Report) last posted its earnings results on Monday, April 20th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.21. RBB Bancorp had a net margin of 16.76% and a return on equity of 7.90%. The business had revenue of $34.75 million for the quarter, compared to analysts' expectations of $32.38 million. Analysts predict that RBB Bancorp will post 2.35 earnings per share for the current fiscal year.
RBB Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be paid a $0.16 dividend. The ex-dividend date is Thursday, April 30th. This represents a $0.64 annualized dividend and a yield of 2.6%. RBB Bancorp's dividend payout ratio is currently 27.12%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on RBB shares. Zacks Research upgraded shares of RBB Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 27th. Weiss Ratings reiterated a "hold (c)" rating on shares of RBB Bancorp in a research report on Monday. Wall Street Zen lowered shares of RBB Bancorp from a "buy" rating to a "hold" rating in a research report on Saturday, January 31st. Finally, Hovde Group raised their price objective on shares of RBB Bancorp from $23.00 to $26.00 and gave the company a "market perform" rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $23.33.
Read Our Latest Report on RBB
Institutional Trading of RBB Bancorp
Several institutional investors and hedge funds have recently made changes to their positions in RBB. Torren Management LLC purchased a new stake in shares of RBB Bancorp during the 4th quarter valued at $28,000. BNP Paribas Financial Markets raised its position in shares of RBB Bancorp by 84.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company's stock valued at $31,000 after buying an additional 835 shares in the last quarter. CANADA LIFE ASSURANCE Co purchased a new stake in shares of RBB Bancorp during the 4th quarter valued at $34,000. PNC Financial Services Group Inc. raised its position in shares of RBB Bancorp by 75.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the company's stock valued at $102,000 after buying an additional 2,337 shares in the last quarter. Finally, CWM LLC raised its position in shares of RBB Bancorp by 95.8% during the 3rd quarter. CWM LLC now owns 5,942 shares of the company's stock valued at $111,000 after buying an additional 2,908 shares in the last quarter. Hedge funds and other institutional investors own 40.14% of the company's stock.
RBB Bancorp Company Profile
(
Get Free Report)
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.
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