Stephens Reaffirms Equal Weight Rating for RBB Bancorp (NASDAQ:RBB)

Stephens restated their equal weight rating on shares of RBB Bancorp (NASDAQ:RBB) in a research report released on Tuesday morning, Benzinga reports. They currently have a $20.00 target price on the stock.

A number of other equities analysts also recently weighed in on RBB. Keefe, Bruyette & Woods boosted their price target on shares of RBB Bancorp from $18.00 to $20.00 and gave the stock a market perform rating in a report on Wednesday, January 24th. Hovde Group assumed coverage on shares of RBB Bancorp in a report on Monday. They issued a market perform rating and a $19.00 price target on the stock. Finally, TheStreet raised shares of RBB Bancorp from a c+ rating to a b- rating in a report on Wednesday, December 27th. Four analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $18.50.

RBB Bancorp Price Performance

RBB opened at $18.07 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $336.46 million, a price-to-earnings ratio of 7.93 and a beta of 0.96. The firm’s fifty day moving average price is $17.43 and its two-hundred day moving average price is $16.64. RBB Bancorp has a 1 year low of $8.62 and a 1 year high of $20.22.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $58.17 million for the quarter, compared to the consensus estimate of $27.40 million. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. During the same period in the previous year, the firm earned $0.58 EPS. As a group, analysts anticipate that RBB Bancorp will post 1.47 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Tuesday, April 30th. RBB Bancorp’s dividend payout ratio is presently 28.07%.

Insider Activity

In related news, Director James Kao purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average cost of $17.02 per share, for a total transaction of $85,100.00. Following the completion of the transaction, the director now directly owns 485,376 shares in the company, valued at approximately $8,261,099.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have purchased a total of 35,977 shares of company stock worth $624,060 over the last ninety days. Company insiders own 6.63% of the company’s stock.

Institutional Investors Weigh In On RBB Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wedge Capital Management L L P NC increased its position in shares of RBB Bancorp by 0.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,338 shares of the company’s stock worth $1,492,000 after purchasing an additional 641 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in RBB Bancorp in the third quarter worth approximately $138,000. SG Americas Securities LLC purchased a new stake in RBB Bancorp in the fourth quarter worth approximately $177,000. Allspring Global Investments Holdings LLC boosted its stake in RBB Bancorp by 36.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company’s stock worth $44,000 after buying an additional 929 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in RBB Bancorp by 101.4% in the fourth quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock worth $170,000 after buying an additional 4,503 shares in the last quarter. 40.14% of the stock is currently 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.