RBB Bancorp (NASDAQ:RBB) CEO Sells $784,563.12 in Stock

RBB Bancorp (NASDAQ:RBBGet Rating) CEO Yee Phong Thian sold 38,763 shares of the stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $20.24, for a total value of $784,563.12. Following the completion of the sale, the chief executive officer now owns 517,302 shares of the company’s stock, valued at $10,470,192.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yee Phong Thian also recently made the following trade(s):

  • On Tuesday, June 14th, Yee Phong Thian sold 13,237 shares of RBB Bancorp stock. The shares were sold at an average price of $20.24, for a total value of $267,916.88.
  • On Wednesday, June 8th, Yee Phong Thian sold 24,000 shares of RBB Bancorp stock. The shares were sold at an average price of $21.51, for a total value of $516,240.00.
  • On Wednesday, May 11th, Yee Phong Thian sold 10,763 shares of RBB Bancorp stock. The shares were sold at an average price of $20.66, for a total value of $222,363.58.

Shares of NASDAQ RBB opened at $20.50 on Friday. RBB Bancorp has a twelve month low of $19.50 and a twelve month high of $29.08. The stock has a market capitalization of $393.40 million, a PE ratio of 6.90 and a beta of 0.88. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $21.55 and a 200-day simple moving average of $24.00.

RBB Bancorp (NASDAQ:RBBGet Rating) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The company had revenue of $37.44 million during the quarter, compared to the consensus estimate of $36.30 million. RBB Bancorp had a return on equity of 12.91% and a net margin of 35.39%. During the same period in the previous year, the business earned $0.63 EPS. On average, equities analysts predict that RBB Bancorp will post 3.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 6th. Stockholders of record on Monday, May 2nd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, April 29th. RBB Bancorp’s payout ratio is currently 18.86%.

Several research firms recently commented on RBB. Hovde Group lowered RBB Bancorp from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $35.00 to $30.00 in a report on Tuesday, February 22nd. Piper Sandler lowered RBB Bancorp from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $30.00 to $25.50 in a report on Tuesday, March 29th. Finally, Janney Montgomery Scott downgraded RBB Bancorp from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research report on Wednesday, February 23rd.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC increased its position in RBB Bancorp by 61.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,699 shares of the company’s stock worth $44,000 after purchasing an additional 644 shares during the period. Citigroup Inc. grew its holdings in RBB Bancorp by 156.8% during the 3rd quarter. Citigroup Inc. now owns 1,782 shares of the company’s stock valued at $45,000 after buying an additional 1,088 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in RBB Bancorp by 30.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 3,000 shares of the company’s stock valued at $79,000 after buying an additional 700 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in RBB Bancorp by 95.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,662 shares of the company’s stock valued at $92,000 after buying an additional 1,793 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in RBB Bancorp by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 7,339 shares of the company’s stock valued at $172,000 after buying an additional 2,663 shares during the last quarter. 36.27% of the stock is owned by hedge funds and other institutional investors.

RBB Bancorp Company Profile (Get Rating)

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.

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Insider Buying and Selling by Quarter for RBB Bancorp (NASDAQ:RBB)

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