Key Points
- RBB Bancorp director Chuang Lin sold 10,000 shares on May 7 at an average price of $24.23, totaling about $242,300. After the sale, Lin still held 51,347 shares, and the transaction reduced the position by 16.3%.
- The company recently beat earnings expectations, reporting Q1 EPS of $0.66 versus the $0.45 consensus and revenue of $34.75 million versus estimates of $32.38 million. Analysts now expect full-year EPS of 2.35.
- RBB Bancorp also announced a quarterly dividend of $0.16 per share, payable May 15, which works out to an annualized yield of 2.7%. The company’s payout ratio is currently 27.12%.
RBB Bancorp (NASDAQ:RBB - Get Free Report) Director Chuang Lin sold 10,000 shares of the business's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $24.23, for a total value of $242,300.00. Following the transaction, the director owned 51,347 shares of the company's stock, valued at approximately $1,244,137.81. The trade was a 16.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
RBB Bancorp Stock Performance
Shares of RBB Bancorp stock opened at $24.05 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. The stock's fifty day moving average is $22.17 and its two-hundred day moving average is $21.24. RBB Bancorp has a 52 week low of $15.59 and a 52 week high of $24.73. The company has a market capitalization of $410.53 million, a PE ratio of 10.19 and a beta of 1.07.
RBB Bancorp (NASDAQ:RBB - Get Free Report) last issued its earnings results on Monday, April 20th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.21. The firm had revenue of $34.75 million during the quarter, compared to analyst estimates of $32.38 million. RBB Bancorp had a net margin of 16.76% and a return on equity of 7.90%. As a group, analysts expect that RBB Bancorp will post 2.35 earnings per share for the current year.
RBB Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 2.7%. RBB Bancorp's dividend payout ratio (DPR) is presently 27.12%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on RBB. Zacks Research raised shares of RBB Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 27th. Wall Street Zen lowered RBB Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Weiss Ratings reissued a "hold (c)" rating on shares of RBB Bancorp in a research note on Monday, April 27th. Finally, Hovde Group raised their price objective on RBB Bancorp from $23.00 to $26.00 and gave the stock a "market perform" rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, RBB Bancorp currently has a consensus rating of "Hold" and an average target price of $23.33.
Read Our Latest Stock Analysis on RBB Bancorp
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Torren Management LLC purchased a new position in RBB Bancorp during the 4th quarter valued at about $28,000. BNP Paribas Financial Markets lifted its position in shares of RBB Bancorp by 84.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company's stock worth $31,000 after purchasing an additional 835 shares during the period. CANADA LIFE ASSURANCE Co purchased a new stake in shares of RBB Bancorp in the 4th quarter worth approximately $34,000. PNC Financial Services Group Inc. boosted its stake in shares of RBB Bancorp by 75.3% during the third quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the company's stock valued at $102,000 after purchasing an additional 2,337 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of RBB Bancorp by 95.8% during the third quarter. CWM LLC now owns 5,942 shares of the company's stock valued at $111,000 after purchasing an additional 2,908 shares in the last quarter. 40.14% of the stock is currently owned by institutional investors.
About RBB Bancorp
(
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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