RBB Bancorp (NASDAQ:RBB) Downgraded by Wall Street Zen to Hold

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

Several other equities analysts have also recently weighed in on RBB. Weiss Ratings reiterated a “hold (c)” rating on shares of RBB Bancorp in a research note on Wednesday. Keefe, Bruyette & Woods upped their target price on shares of RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, October 22nd. Piper Sandler lifted their price target on shares of RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Finally, Zacks Research downgraded shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.33.

RBB Bancorp Price Performance

Shares of RBB opened at $20.74 on Friday. The firm has a fifty day simple moving average of $21.17 and a two-hundred day simple moving average of $19.75. The firm has a market cap of $353.62 million, a PE ratio of 11.33 and a beta of 1.08. 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, January 26th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.49 by $0.10. RBB Bancorp had a return on equity of 6.21% and a net margin of 13.42%.The company had revenue of $32.32 million during the quarter, compared to analyst estimates of $33.23 million. On average, equities analysts anticipate that RBB Bancorp will post 1.63 EPS for the current year.

Institutional Investors Weigh In On RBB Bancorp

Institutional investors have recently bought and sold shares of the business. Torren Management LLC purchased a new position in shares of RBB Bancorp in the fourth quarter valued at about $28,000. SG Americas Securities LLC bought a new stake in RBB Bancorp during the 4th quarter valued at approximately $112,000. JPMorgan Chase & Co. lifted its holdings in RBB Bancorp by 8.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,985 shares of the company’s stock worth $656,000 after purchasing an additional 2,580 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in RBB Bancorp by 25.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 60,106 shares of the company’s stock worth $1,128,000 after purchasing an additional 12,320 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in RBB Bancorp by 17.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 6,593 shares of the company’s stock valued at $124,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 40.14% of the company’s stock.

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.