RBB Bancorp (NASDAQ:RBB) EVP Gary Fan Sells 12,000 Shares

RBB Bancorp (NASDAQ:RBB) EVP Gary Fan sold 12,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.45, for a total transaction of $281,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

RBB Bancorp Stock Performance

RBB traded down $0.35 during trading on Monday, hitting $23.18. The company’s stock had a trading volume of 35,418 shares, compared to its average volume of 50,948. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. RBB Bancorp has a one year low of $16.49 and a one year high of $25.30. The firm has a market cap of $410.12 million, a PE ratio of 12.53 and a beta of 0.96. The business’s 50 day simple moving average is $23.47 and its 200-day simple moving average is $21.64.

RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings results on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. The business had revenue of $60.17 million for the quarter, compared to the consensus estimate of $28.17 million. During the same period last year, the firm earned $0.63 earnings per share. As a group, sell-side analysts predict that RBB Bancorp will post 1.58 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were given a $0.16 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.64 annualized dividend and a yield of 2.76%. RBB Bancorp’s payout ratio is presently 34.59%.

Institutional Trading of RBB Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of 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. Dimensional Fund Advisors LP grew its stake in RBB Bancorp by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 697,656 shares of the company’s stock valued at $13,122,000 after acquiring an additional 53,539 shares in the last quarter. State Street Corp lifted its position in RBB Bancorp by 3.8% during the third quarter. State Street Corp now owns 323,727 shares of the company’s stock valued at $7,452,000 after purchasing an additional 11,809 shares during the last quarter. American Century Companies Inc. lifted its position in RBB Bancorp by 21.9% during the second quarter. American Century Companies Inc. now owns 248,501 shares of the company’s stock valued at $4,674,000 after purchasing an additional 44,670 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in RBB Bancorp by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 86,987 shares of the company’s stock valued at $1,636,000 after purchasing an additional 6,781 shares during the last quarter. 40.14% of the stock is 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.