RBB Bancorp (NASDAQ:RBB) Receives Consensus Rating of “Hold” from Brokerages

RBB Bancorp (NASDAQ:RBB) has earned an average rating of “Hold” from the five ratings firms that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $22.3333.

A number of equities analysts recently commented on RBB shares. Piper Sandler lifted their target price on shares of RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Zacks Research cut RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Wall Street Zen downgraded RBB Bancorp from a “buy” rating to a “hold” rating in a report on Saturday. Keefe, Bruyette & Woods increased their target price on RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of RBB Bancorp in a research note on Wednesday.

RBB Bancorp Price Performance

Shares of RBB Bancorp stock opened at $20.74 on Friday. The firm has a market capitalization 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 12 month low of $14.40 and a 12 month high of $22.58. The business’s 50-day moving average price is $21.17 and its 200-day moving average price is $19.76.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.49 by $0.10. The firm had revenue of $32.32 million for the quarter, compared to the consensus estimate of $33.23 million. RBB Bancorp had a net margin of 13.42% and a return on equity of 6.21%. Sell-side analysts forecast that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, January 30th. RBB Bancorp’s payout ratio is presently 34.97%.

Institutional Investors Weigh In On RBB Bancorp

A number of large investors have recently added to or reduced their stakes in the company. Torren Management LLC purchased a new stake in shares of RBB Bancorp during the fourth quarter worth about $28,000. BNP Paribas Financial Markets raised its position in RBB Bancorp by 84.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock valued at $31,000 after purchasing an additional 835 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in RBB Bancorp by 235.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,105 shares of the company’s stock worth $53,000 after buying an additional 2,178 shares during the period. SG Americas Securities LLC bought a new stake in shares of RBB Bancorp in the 4th quarter worth approximately $112,000. Finally, CWM LLC grew its position in shares of RBB Bancorp by 95.8% in the 3rd 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. Institutional investors own 40.14% of the company’s stock.

About RBB Bancorp

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.