Wells Fargo & Company MN Acquires 1,925 Shares of RBB Bancorp (NASDAQ:RBB)

Wells Fargo & Company MN lifted its holdings in shares of RBB Bancorp (NASDAQ:RBB) by 25.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,564 shares of the company’s stock after purchasing an additional 1,925 shares during the quarter. Wells Fargo & Company MN owned 0.05% of RBB Bancorp worth $196,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RBB. Barclays PLC raised its stake in shares of RBB Bancorp by 285.6% during the third quarter. Barclays PLC now owns 21,477 shares of the company’s stock worth $495,000 after acquiring an additional 15,907 shares in the last quarter. JPMorgan Chase & Co. raised its position in RBB Bancorp by 572.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,264 shares of the company’s stock worth $1,157,000 after purchasing an additional 42,786 shares during the period. SG Americas Securities LLC raised its position in RBB Bancorp by 20.0% in the 4th 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 during the period. R Squared Ltd bought a new stake in RBB Bancorp in the fourth quarter worth $29,000. Finally, Empowered Funds LLC grew its stake in shares of RBB Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock valued at $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.

Analysts Set New Price Targets

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

RBB Bancorp Trading Up 1.6 %

RBB opened at $16.07 on Friday. RBB Bancorp has a one year low of $14.40 and a one year high of $25.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $16.17 and a two-hundred day simple moving average of $19.43. The firm has a market capitalization of $285.07 million, a price-to-earnings ratio of 11.01 and a beta of 1.04.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, April 28th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.25). The business had revenue of $28.46 million for the quarter, compared to the consensus estimate of $28.98 million. RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. Analysts predict that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Wednesday, April 30th. RBB Bancorp’s payout ratio is 55.17%.

Insider Activity at RBB Bancorp

In other news, Director James Kao acquired 3,352 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of $17.31 per share, for a total transaction of $58,023.12. Following the completion of the acquisition, the director now owns 551,863 shares in the company, valued at $9,552,748.53. This trade represents a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased 9,924 shares of company stock worth $171,398 over the last 90 days. 4.56% of the stock is owned by company insiders.

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.