Invesco Ltd. Has $529,000 Stake in RBB Bancorp $RBB

Invesco Ltd. trimmed its stake in RBB Bancorp (NASDAQ:RBB) by 13.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,074 shares of the company’s stock after selling 5,102 shares during the period. Invesco Ltd. owned about 0.18% of RBB Bancorp worth $529,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RBB. Wells Fargo & Company MN raised its position in shares of RBB Bancorp by 25.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,564 shares of the company’s stock valued at $196,000 after buying an additional 1,925 shares during the last quarter. Barclays PLC raised its position in shares of RBB Bancorp by 14.1% during the fourth quarter. Barclays PLC now owns 24,497 shares of the company’s stock valued at $502,000 after buying an additional 3,020 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of RBB Bancorp by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 735,923 shares of the company’s stock valued at $15,079,000 after buying an additional 13,824 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of RBB Bancorp by 14.9% during the fourth quarter. MetLife Investment Management LLC now owns 10,315 shares of the company’s stock valued at $211,000 after buying an additional 1,336 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of RBB Bancorp by 195.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company’s stock valued at $36,000 after buying an additional 1,149 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on RBB. Wall Street Zen raised shares of RBB Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods upped their price objective on shares of RBB Bancorp from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.33.

RBB Bancorp Price Performance

Shares of RBB Bancorp stock opened at $19.91 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $343.45 million, a price-to-earnings ratio of 15.43 and a beta of 1.13. RBB Bancorp has a 1-year low of $14.40 and a 1-year high of $25.30. The firm’s 50-day moving average price is $19.04 and its two-hundred day moving average price is $17.39.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.16. The firm had revenue of $35.81 million for the quarter, compared to analysts’ expectations of $29.60 million. RBB Bancorp had a net margin of 9.80% and a return on equity of 4.50%. On average, equities analysts predict that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

RBB Bancorp declared that its Board of Directors has authorized a share buyback program on Thursday, May 29th that authorizes the company to repurchase $18.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

RBB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, July 31st. RBB Bancorp’s dividend payout ratio is currently 49.61%.

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.