Strs Ohio Decreases Position in RBB Bancorp (NASDAQ:RBB)

Strs Ohio lessened its holdings in RBB Bancorp (NASDAQ:RBB) by 21.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,300 shares of the company’s stock after selling 8,300 shares during the quarter. Strs Ohio owned 0.16% of RBB Bancorp worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd bought a new position in shares of RBB Bancorp during the third quarter valued at about $138,000. SG Americas Securities LLC bought a new position in shares of RBB Bancorp during the fourth quarter valued at about $177,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of RBB Bancorp by 36.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company’s stock valued at $44,000 after acquiring an additional 929 shares during the last quarter. Hedge funds and other institutional investors own 40.14% of the company’s stock.

Insiders Place Their Bets

In other RBB Bancorp news, Director James Kao acquired 2,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were acquired at an average price of $16.98 per share, for a total transaction of $33,960.00. Following the completion of the acquisition, the director now owns 510,376 shares in the company, valued at $8,666,184.48. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have acquired 35,977 shares of company stock worth $624,060. 6.63% of the stock is currently owned by company insiders.

RBB Bancorp Price Performance

RBB stock opened at $18.06 on Friday. RBB Bancorp has a 1 year low of $8.62 and a 1 year high of $20.22. The company has a market cap of $336.18 million, a P/E ratio of 7.93 and a beta of 0.96. The firm has a 50-day moving average of $17.43 and a 200 day moving average of $16.65. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The business had revenue of $58.17 million for the quarter, compared to analysts’ expectations of $27.40 million. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. During the same quarter in the prior year, the company earned $0.58 earnings per share. On average, sell-side analysts forecast that RBB Bancorp will post 1.47 EPS for the current year.

RBB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Wednesday, May 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Tuesday, April 30th. RBB Bancorp’s dividend payout ratio (DPR) is presently 28.07%.

Analyst Ratings Changes

Several equities analysts have recently commented on RBB shares. Hovde Group started coverage on shares of RBB Bancorp in a research note on Monday, April 22nd. They set a “market perform” rating and a $19.00 price objective for the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $22.00 price objective (up from $20.00) on shares of RBB Bancorp in a research note on Thursday. Finally, Stephens reissued an “equal weight” rating and issued a $20.00 price target on shares of RBB Bancorp in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, RBB Bancorp currently has an average rating of “Hold” and an average price target of $18.50.

RBB Bancorp 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.