RBB Bancorp (NASDAQ:RBB) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. increased its stake in shares of RBB Bancorp (NASDAQ:RBB) by 88.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,610 shares of the company’s stock after buying an additional 10,600 shares during the period. Prudential Financial Inc. owned about 0.13% of RBB Bancorp worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in shares of RBB Bancorp by 13.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after acquiring an additional 444 shares in the last quarter. SG Americas Securities LLC boosted its position in RBB Bancorp by 20.0% during the fourth quarter. SG Americas Securities LLC now owns 6,992 shares of the company’s stock worth $143,000 after purchasing an additional 1,167 shares in the last quarter. R Squared Ltd acquired a new stake in RBB Bancorp in the fourth quarter valued at $29,000. Rhumbline Advisers increased its position in shares of RBB Bancorp by 6.0% in the fourth quarter. Rhumbline Advisers now owns 26,554 shares of the company’s stock valued at $544,000 after buying an additional 1,508 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in shares of RBB Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock worth $1,143,000 after buying an additional 2,662 shares during the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director James Kao acquired 3,352 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of $17.31 per share, for a total transaction of $58,023.12. Following the acquisition, the director now directly owns 551,863 shares in the company, valued at $9,552,748.53. This trade represents a 0.61 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders purchased 9,924 shares of company stock valued at $171,398. Insiders own 6.63% of the company’s stock.

RBB Bancorp Stock Performance

Shares of NASDAQ RBB opened at $16.04 on Thursday. The company has a market cap of $284.39 million, a PE ratio of 10.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. RBB Bancorp has a 12 month low of $14.49 and a 12 month high of $25.30. The company has a 50-day simple moving average of $17.16 and a 200-day simple moving average of $20.49.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, February 3rd. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. On average, equities analysts anticipate that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were issued a $0.16 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.64 dividend on an annualized basis and a yield of 3.99%. RBB Bancorp’s payout ratio is 43.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RBB shares. Keefe, Bruyette & Woods lowered their price objective on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Piper Sandler dropped their price objective on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Stephens reduced their target price on RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th.

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.