RBB Bancorp (NASDAQ:RBB) Rating Increased to Buy at Wall Street Zen

RBB Bancorp (NASDAQ:RBB) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

RBB has been the topic of several other reports. Piper Sandler upped their price target on shares of RBB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of RBB Bancorp in a research report on Friday, October 31st. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, RBB Bancorp has a consensus rating of “Hold” and a consensus price target of $22.33.

RBB Bancorp Price Performance

Shares of NASDAQ RBB opened at $21.70 on Friday. The firm has a market cap of $369.99 million, a P/E ratio of 14.56 and a beta of 1.08. The business’s 50 day moving average is $19.71 and its 200-day moving average is $18.96. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. RBB Bancorp has a 1-year low of $14.40 and a 1-year high of $22.58.

RBB Bancorp (NASDAQ:RBB) last issued 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. The firm had revenue of $32.57 million for the quarter, compared to analyst estimates of $31.72 million. RBB Bancorp had a return on equity of 5.10% and a net margin of 11.12%.During the same period in the prior year, the firm posted $0.39 EPS. Equities research analysts predict that RBB Bancorp will post 1.63 earnings per share for the current year.

Institutional Investors Weigh In On RBB Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC bought a new position in RBB Bancorp in the second quarter valued at about $430,000. Nuveen LLC acquired a new stake in shares of RBB Bancorp in the 1st quarter valued at approximately $873,000. American Century Companies Inc. grew its holdings in shares of RBB Bancorp by 8.7% during the 1st quarter. American Century Companies Inc. now owns 373,405 shares of the company’s stock valued at $6,161,000 after purchasing an additional 29,761 shares during the last quarter. FJ Capital Management LLC grew its holdings in shares of RBB Bancorp by 8.6% during the 1st quarter. FJ Capital Management LLC now owns 1,756,006 shares of the company’s stock valued at $28,974,000 after purchasing an additional 139,163 shares during the last quarter. Finally, Fourthstone LLC acquired a new position in RBB Bancorp during the 2nd quarter worth approximately $2,830,000. 40.14% of the stock is currently owned by institutional investors.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.