Key Points
- Director David Richard Morris sold 1,946 shares of RBB Bancorp on June 4 at an average price of $23.99, totaling $46,684.54. After the sale, he still owned 43,422 shares, reducing his stake by 4.29%.
- RBB Bancorp shares were up 1.0% to $24.25, near their 52-week high of $24.73. The stock has a market cap of $410.8 million and trades at a P/E ratio of 10.28.
- The company recently beat earnings expectations, reporting $0.66 EPS versus the $0.45 consensus, and revenue of $34.75 million versus estimates of $32.38 million. It also pays a quarterly dividend of $0.16 per share, yielding 2.6% annualized.
RBB Bancorp (NASDAQ:RBB - Get Free Report) Director David Richard Morris sold 1,946 shares of RBB Bancorp stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $23.99, for a total value of $46,684.54. Following the completion of the transaction, the director owned 43,422 shares of the company's stock, valued at $1,041,693.78. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
David Richard Morris also recently made the following trade(s):
- On Monday, May 4th, David Richard Morris sold 4,500 shares of RBB Bancorp stock. The shares were sold at an average price of $23.90, for a total value of $107,550.00.
RBB Bancorp Trading Up 1.0%
NASDAQ:RBB opened at $24.25 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.50. The business's 50 day moving average is $23.23 and its two-hundred day moving average is $21.97. RBB Bancorp has a 52 week low of $15.94 and a 52 week high of $24.73. The company has a market cap of $410.80 million, a PE ratio of 10.28 and a beta of 1.05.
RBB Bancorp (NASDAQ:RBB - Get Free Report) last issued its quarterly earnings results on Monday, April 20th. The company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.21. The business had revenue of $34.75 million during the quarter, compared to the consensus estimate of $32.38 million. RBB Bancorp had a return on equity of 7.85% and a net margin of 16.76%. On average, analysts predict that RBB Bancorp will post 2.35 EPS for the current year.
RBB Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, April 30th. This represents a $0.64 annualized dividend and a yield of 2.6%. RBB Bancorp's payout ratio is presently 27.12%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on RBB shares. Zacks Research upgraded shares of RBB Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 27th. Hovde Group boosted 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. Finally, Weiss Ratings upgraded shares of RBB Bancorp from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, RBB Bancorp has a consensus rating of "Moderate Buy" and a consensus price target of $23.33.
Read Our Latest Analysis on RBB
Institutional Trading of RBB Bancorp
Several hedge funds have recently bought and sold shares of RBB. Torren Management LLC acquired a new position in RBB Bancorp during the 4th quarter valued at about $28,000. BNP Paribas Financial Markets increased its stake in shares of RBB Bancorp by 84.9% in the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company's stock valued at $31,000 after purchasing an additional 835 shares during the period. CANADA LIFE ASSURANCE Co acquired a new stake in shares of RBB Bancorp in the fourth quarter valued at approximately $34,000. PNC Financial Services Group Inc. raised its holdings 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 buying an additional 2,337 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of RBB Bancorp during the fourth quarter valued at approximately $112,000. 40.14% of the stock is currently owned by institutional investors.
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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