RBB Bancorp (NASDAQ:RBB) Receives Market Perform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of RBB Bancorp (NASDAQ:RBB) in a report published on Thursday, Benzinga reports. The firm currently has a $22.00 price target on the stock, up from their previous price target of $20.00.

A number of other research analysts have also commented on RBB. Stephens reiterated an equal weight rating and issued a $20.00 price objective on shares of RBB Bancorp in a research report on Tuesday. TheStreet upgraded RBB Bancorp from a c+ rating to a b- rating in a research report on Wednesday, December 27th. Finally, Hovde Group began coverage on RBB Bancorp in a research report on Monday. They issued a market perform rating and a $19.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of Hold and an average target price of $18.50.

RBB Bancorp Stock Up 0.4 %

Shares of RBB traded up $0.07 during trading hours on Thursday, hitting $18.14. 7,046 shares of the company were exchanged, compared to its average volume of 40,959. The company has a market cap of $337.77 million, a PE ratio of 7.93 and a beta of 0.96. The firm’s 50 day moving average is $17.43 and its 200-day moving average is $16.65. RBB Bancorp has a 52 week low of $8.62 and a 52 week high of $20.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Tuesday, April 23rd. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. RBB Bancorp had a return on equity of 7.74% and a net margin of 17.69%. The firm had revenue of $58.17 million during the quarter, compared to the consensus estimate of $27.40 million. During the same quarter in the prior year, the company earned $0.58 EPS. On average, equities research analysts forecast that RBB Bancorp will post 1.47 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Wednesday, May 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Tuesday, April 30th. RBB Bancorp’s payout ratio is presently 28.07%.

Insiders Place Their Bets

In other news, Director James Kao purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was bought at an average cost of $16.98 per share, for a total transaction of $33,960.00. Following the purchase, the director now owns 519,175 shares of the company’s stock, valued at $8,815,591.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 35,977 shares of company stock worth $624,060 over the last three months. Insiders own 6.63% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RBB. Quadrature Capital Ltd grew its holdings in RBB Bancorp by 20.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,004 shares of the company’s stock worth $248,000 after acquiring an additional 2,191 shares during the period. AJOVista LLC acquired a new stake in RBB Bancorp during the 4th quarter worth about $59,000. New York State Common Retirement Fund grew its holdings in RBB Bancorp by 101.4% during the 4th quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock worth $170,000 after acquiring an additional 4,503 shares during the period. Wedge Capital Management L L P NC grew its holdings in RBB Bancorp by 0.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 78,338 shares of the company’s stock worth $1,492,000 after acquiring an additional 641 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of RBB Bancorp in the 4th quarter valued at about $177,000. 40.14% of the stock is 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, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.