RBB Bancorp (NASDAQ:RBB) Shares Sold by Northern Trust Corp

Northern Trust Corp lessened its stake in RBB Bancorp (NASDAQ:RBB) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 128,319 shares of the company’s stock after selling 2,613 shares during the quarter. Northern Trust Corp owned about 0.73% of RBB Bancorp worth $2,629,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RBB. JPMorgan Chase & Co. increased its holdings in shares of RBB Bancorp by 572.2% in the third quarter. JPMorgan Chase & Co. now owns 50,264 shares of the company’s stock valued at $1,157,000 after purchasing an additional 42,786 shares during the last quarter. SG Americas Securities LLC increased its stake 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 acquiring an additional 1,167 shares during the last quarter. R Squared Ltd acquired a new stake in RBB Bancorp during the fourth quarter worth $29,000. Empowered Funds LLC increased its stake in RBB Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock worth $1,143,000 after acquiring an additional 2,662 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in RBB Bancorp by 6.0% during the fourth quarter. Rhumbline Advisers now owns 26,554 shares of the company’s stock worth $544,000 after acquiring an additional 1,508 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on RBB shares. Stephens cut 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. Piper Sandler cut their target price on 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, Keefe, Bruyette & Woods cut their target price 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.

RBB Bancorp Trading Down 1.1%

Shares of NASDAQ RBB opened at $16.13 on Friday. The stock has a market capitalization of $286.15 million, a PE ratio of 11.05 and a beta of 1.04. The stock has a fifty day simple moving average of $16.09 and a 200-day simple moving average of $18.95. RBB Bancorp has a twelve month low of $14.40 and a twelve month high of $25.30. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66.

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

RBB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Wednesday, April 30th were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 3.97%. RBB Bancorp’s dividend payout ratio (DPR) is presently 55.17%.

Insider Activity at RBB Bancorp

In other RBB Bancorp news, Director James Kao purchased 5,960 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $17.24 per share, with a total value of $102,750.40. Following the acquisition, the director now directly owns 557,823 shares of the company’s stock, valued at approximately $9,616,868.52. This represents a 1.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.56% of the stock is currently 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.