RBB Bancorp (NASDAQ:RBB) Short Interest Update

RBB Bancorp (NASDAQ:RBB) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 165,449 shares, a growth of 21.0% from the February 12th total of 136,691 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 67,658 shares, the short-interest ratio is currently 2.4 days. Based on an average trading volume of 67,658 shares, the short-interest ratio is currently 2.4 days. Approximately 1.0% of the company’s stock are short sold.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Zacks Research lowered shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RBB Bancorp in a research report on Wednesday, January 28th. Finally, Wall Street Zen downgraded RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.00.

Institutional Investors Weigh In On RBB Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in RBB. FJ Capital Management LLC lifted its position in shares of RBB Bancorp by 0.6% during the 2nd quarter. FJ Capital Management LLC now owns 1,766,083 shares of the company’s stock worth $30,394,000 after purchasing an additional 10,077 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in RBB Bancorp by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 813,519 shares of the company’s stock valued at $16,791,000 after buying an additional 4,999 shares during the last quarter. Geode Capital Management LLC increased its position in RBB Bancorp by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 362,884 shares of the company’s stock worth $6,246,000 after buying an additional 14,751 shares during the period. State Street Corp increased its position in RBB Bancorp by 0.5% in the 4th quarter. State Street Corp now owns 320,706 shares of the company’s stock worth $6,619,000 after buying an additional 1,550 shares during the period. Finally, Rhino Investment Partners Inc lifted its holdings in shares of RBB Bancorp by 3.4% during the third quarter. Rhino Investment Partners Inc now owns 253,190 shares of the company’s stock worth $4,750,000 after buying an additional 8,317 shares during the last quarter. 40.14% of the stock is owned by institutional investors and hedge funds.

RBB Bancorp Trading Down 0.4%

NASDAQ:RBB opened at $20.91 on Wednesday. The company’s 50 day moving average is $21.58 and its 200-day moving average is $20.35. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.51. RBB Bancorp has a 12 month low of $14.40 and a 12 month high of $22.69. The firm has a market cap of $356.45 million, a price-to-earnings ratio of 11.43 and a beta of 1.08.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.10. RBB Bancorp had a net margin of 13.42% and a return on equity of 6.19%. The business had revenue of $32.32 million during the quarter, compared to the consensus estimate of $33.23 million. Equities analysts anticipate that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, January 30th. RBB Bancorp’s dividend payout ratio is 34.97%.

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.