RBB Bancorp (NASDAQ:RBB) Receives $23.33 Average PT from Brokerages

RBB Bancorp (NASDAQ:RBB) has been given an average rating of “Hold” by the five brokerages that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have covered the stock in the last year is $23.3333.

A number of research firms have recently issued reports on RBB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RBB Bancorp in a report on Wednesday, January 28th. Wall Street Zen downgraded shares of RBB Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Hovde Group lifted their price objective on shares of RBB Bancorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday.

RBB Bancorp Stock Down 1.5%

RBB opened at $23.63 on Wednesday. RBB Bancorp has a one year low of $14.66 and a one year high of $24.73. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $403.36 million, a P/E ratio of 10.01 and a beta of 1.04. The company has a fifty day moving average price of $21.88 and a 200-day moving average price of $20.87.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Monday, April 20th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.21. RBB Bancorp had a net margin of 16.76% and a return on equity of 7.90%. The company had revenue of $34.75 million during the quarter, compared to the consensus estimate of $32.38 million. Equities research analysts expect that RBB Bancorp will post 2.14 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, April 30th. RBB Bancorp’s payout ratio is currently 27.12%.

Institutional Trading of RBB Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of RBB Bancorp by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 813,519 shares of the company’s stock worth $16,791,000 after acquiring an additional 4,999 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of RBB Bancorp by 4.2% during the 2nd quarter. Geode Capital Management LLC now owns 362,884 shares of the company’s stock worth $6,246,000 after acquiring an additional 14,751 shares during the last quarter. State Street Corp lifted its holdings in shares of RBB Bancorp by 0.5% during the 4th quarter. State Street Corp now owns 320,706 shares of the company’s stock worth $6,619,000 after acquiring an additional 1,550 shares during the last quarter. Rhino Investment Partners Inc lifted its stake in RBB Bancorp by 3.4% in the third quarter. Rhino Investment Partners Inc now owns 253,190 shares of the company’s stock worth $4,750,000 after purchasing an additional 8,317 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in RBB Bancorp by 80.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 200,190 shares of the company’s stock worth $3,756,000 after purchasing an additional 89,035 shares during the last quarter. 40.14% of the stock is 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.