RBB Bancorp (NASDAQ:RBB) Sees Large Growth in Short Interest

RBB Bancorp (NASDAQ:RBB) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 228,324 shares, a growth of 38.0% from the February 26th total of 165,449 shares. Based on an average trading volume of 77,970 shares, the short-interest ratio is presently 2.9 days. Approximately 1.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

RBB has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of RBB Bancorp in a report on Wednesday, January 28th. Wall Street Zen lowered shares of RBB Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Zacks Research cut shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, RBB Bancorp presently has an average rating of “Hold” and an average price target of $22.00.

Institutional Investors Weigh In On RBB Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Torren Management LLC acquired a new position in RBB Bancorp during the 4th quarter valued at about $28,000. BNP Paribas Financial Markets grew its position in shares of RBB Bancorp by 84.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock worth $31,000 after buying an additional 835 shares during the period. CANADA LIFE ASSURANCE Co bought a new stake in shares of RBB Bancorp during the fourth quarter worth approximately $34,000. PNC Financial Services Group Inc. raised its stake in shares of RBB Bancorp by 235.0% during the second 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 last quarter. Finally, CWM LLC lifted its holdings in RBB Bancorp by 95.8% in the third quarter. CWM LLC now owns 5,942 shares of the company’s stock valued at $111,000 after buying an additional 2,908 shares during the period. Institutional investors own 40.14% of the company’s stock.

RBB Bancorp Trading Up 1.9%

RBB stock opened at $21.28 on Tuesday. The business has a fifty day moving average price of $21.51 and a 200 day moving average price of $20.42. RBB Bancorp has a fifty-two week low of $14.40 and a fifty-two week high of $22.69. The stock has a market capitalization of $362.82 million, a price-to-earnings ratio of 11.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06.

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

RBB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, January 30th. RBB Bancorp’s payout ratio is currently 34.97%.

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.