Brokerages Set RBB Bancorp (NASDAQ:RBB) PT at $22.33

RBB Bancorp (NASDAQ:RBB) has received a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.3333.

RBB has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of RBB Bancorp in a research report on Wednesday, October 8th. Wall Street Zen raised RBB Bancorp from a “hold” rating to a “buy” rating in a report on Saturday. Keefe, Bruyette & Woods boosted their price target on RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, October 22nd. Piper Sandler upped their price target on shares of RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Zacks Research upgraded shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd.

Institutional Investors Weigh In On RBB Bancorp

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in shares of RBB Bancorp by 84.9% during the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock worth $31,000 after purchasing an additional 835 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of RBB Bancorp by 235.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,105 shares of the company’s stock worth $53,000 after purchasing an additional 2,178 shares during the last quarter. CWM LLC increased its position in RBB Bancorp by 95.8% during the third quarter. CWM LLC now owns 5,942 shares of the company’s stock worth $111,000 after buying an additional 2,908 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of RBB Bancorp by 5.0% in the second quarter. First Trust Advisors LP now owns 11,647 shares of the company’s stock valued at $200,000 after purchasing an additional 555 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in RBB Bancorp by 20.4% in the 1st quarter. Royal Bank of Canada now owns 16,312 shares of the company’s stock valued at $268,000 after buying an additional 2,762 shares during the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

RBB Bancorp Price Performance

NASDAQ RBB opened at $19.40 on Friday. The business’s fifty day moving average is $19.09 and its two-hundred day moving average is $17.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $334.65 million, a P/E ratio of 13.02 and a beta of 1.07. RBB Bancorp has a 1 year low of $14.40 and a 1 year high of $25.30.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Monday, October 20th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.18. RBB Bancorp had a net margin of 11.12% and a return on equity of 5.11%. The company had revenue of $31.95 million during the quarter, compared to analyst estimates of $31.72 million. During the same period in the prior year, the firm earned $0.39 earnings per share. On average, research analysts forecast that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, October 31st. RBB Bancorp’s dividend payout ratio (DPR) is currently 42.95%.

RBB Bancorp Company 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.