Key Points
- RBB Bancorp EVP Gary Fan sold 2,368 shares on Tuesday, May 26, at an average price of $24.01, totaling about $56,856. He also sold 6,000 shares in late April at $24.04 each.
- The company recently beat earnings expectations, posting $0.66 per share versus the $0.45 consensus, with quarterly revenue of $34.75 million versus expected $32.38 million.
- RBB Bancorp continues to pay a dividend and attract mixed analyst views, with a quarterly payout of $0.16 per share and a 2.7% yield, while analysts currently assign a consensus rating of Moderate Buy and a $23.33 price target.
RBB Bancorp (NASDAQ:RBB - Get Free Report) EVP Gary Fan sold 2,368 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $24.01, for a total value of $56,855.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Gary Fan also recently made the following trade(s):
- On Wednesday, April 29th, Gary Fan sold 6,000 shares of RBB Bancorp stock. The shares were sold at an average price of $24.04, for a total value of $144,240.00.
RBB Bancorp Price Performance
NASDAQ RBB opened at $23.85 on Thursday. The business's fifty day moving average price is $22.75 and its 200-day moving average price is $21.70. The stock has a market capitalization of $404.02 million, a price-to-earnings ratio of 10.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.06 and a quick ratio of 1.06. RBB Bancorp has a 1-year low of $15.94 and a 1-year high of $24.73.
RBB Bancorp (NASDAQ:RBB - Get Free Report) last released its quarterly earnings results on Monday, April 20th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.21. The firm had revenue of $34.75 million for the quarter, compared to analysts' expectations of $32.38 million. RBB Bancorp had a return on equity of 7.85% and a net margin of 16.76%. On average, equities analysts predict that RBB Bancorp will post 2.35 earnings per share for the current year.
RBB Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, April 30th. RBB Bancorp's dividend payout ratio is presently 27.12%.
Institutional Investors Weigh In On RBB Bancorp
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhino Investment Partners Inc raised its holdings in RBB Bancorp by 9.4% during the first quarter. Rhino Investment Partners Inc now owns 338,810 shares of the company's stock valued at $7,240,000 after acquiring an additional 29,070 shares during the period. Empowered Funds LLC increased its holdings in shares of RBB Bancorp by 23.5% in the first quarter. Empowered Funds LLC now owns 101,463 shares of the company's stock worth $2,168,000 after purchasing an additional 19,279 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of RBB Bancorp by 47.9% in the first quarter. Quantinno Capital Management LP now owns 66,144 shares of the company's stock worth $1,413,000 after purchasing an additional 21,434 shares during the last quarter. North Reef Capital Management LP bought a new stake in shares of RBB Bancorp in the first quarter worth about $1,371,000. Finally, Sei Investments Co. bought a new stake in shares of RBB Bancorp in the first quarter worth about $356,000. 40.14% of the stock is owned by institutional investors.
Analysts Set New Price Targets
RBB has been the topic of several research analyst reports. Weiss Ratings raised RBB Bancorp from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, May 11th. Zacks Research raised RBB Bancorp from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. Wall Street Zen cut RBB Bancorp from a "buy" rating to a "hold" rating in a report on Saturday, January 31st. Finally, Hovde Group increased their price target on RBB Bancorp from $23.00 to $26.00 and gave the company a "market perform" rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, RBB Bancorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.33.
View Our Latest Report on RBB Bancorp
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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