RBB Bancorp (NASDAQ:RBB) Rating Reiterated by Stephens

RBB Bancorp (NASDAQ:RBB)‘s stock had its “equal weight” rating reissued by analysts at Stephens in a report released on Tuesday, Benzinga reports. They presently have a $20.00 price target on the stock. Stephens’ price objective would suggest a potential downside of 10.75% from the stock’s current price.

RBB has been the topic of several other reports. Piper Sandler reiterated a “neutral” rating and set a $21.00 price objective (up from $19.00) on shares of RBB Bancorp in a research report on Thursday, July 18th. Hovde Group reiterated a “market perform” rating and set a $20.00 price objective on shares of RBB Bancorp in a research report on Monday, July 15th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $22.00 price objective (up from $20.00) on shares of RBB Bancorp in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.75.

RBB Bancorp Price Performance

NASDAQ RBB opened at $22.41 on Tuesday. The stock has a market capitalization of $413.24 million, a P/E ratio of 9.83 and a beta of 0.97. RBB Bancorp has a 1 year low of $11.15 and a 1 year high of $23.50. The business’s fifty day moving average is $18.70 and its two-hundred day moving average is $18.05. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.08 and a current ratio of 1.09.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, July 22nd. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.05. The company had revenue of $27.45 million for the quarter, compared to analysts’ expectations of $27.39 million. RBB Bancorp had a return on equity of 6.95% and a net margin of 16.38%. The firm’s revenue was down 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share. On average, research analysts forecast that RBB Bancorp will post 1.5 earnings per share for the current fiscal year.

Insider Activity

In related news, Director James Kao purchased 7,000 shares of the stock in a transaction dated Friday, June 14th. The shares were acquired at an average cost of $17.08 per share, for a total transaction of $119,560.00. Following the acquisition, the director now directly owns 548,511 shares in the company, valued at approximately $9,368,567.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RBB Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC boosted its holdings in RBB Bancorp by 21.7% in the second quarter. CWM LLC now owns 4,594 shares of the company’s stock worth $86,000 after purchasing an additional 818 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in RBB Bancorp by 4.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 45,707 shares of the company’s stock worth $823,000 after purchasing an additional 2,105 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in RBB Bancorp by 29.8% in the first quarter. Quadrature Capital Ltd now owns 16,884 shares of the company’s stock worth $304,000 after purchasing an additional 3,880 shares in the last quarter. Vanguard Group Inc. boosted its holdings in RBB Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 742,411 shares of the company’s stock worth $13,371,000 after purchasing an additional 4,464 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in RBB Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 46,818 shares of the company’s stock worth $843,000 after purchasing an additional 3,500 shares in the last quarter. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

RBB Bancorp Company Profile

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.