RBB Bancorp (NASDAQ:RBB) CEO Yee Phong Thian Sells 13,237 Shares of Stock

RBB Bancorp (NASDAQ:RBBGet Rating) CEO Yee Phong Thian sold 13,237 shares of RBB Bancorp stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $20.24, for a total value of $267,916.88. Following the sale, the chief executive officer now directly owns 517,302 shares of the company’s stock, valued at $10,470,192.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Yee Phong Thian also recently made the following trade(s):

  • On Wednesday, June 8th, Yee Phong Thian sold 24,000 shares of RBB Bancorp stock. The stock was sold at an average price of $21.51, for a total value of $516,240.00.
  • On Wednesday, May 11th, Yee Phong Thian sold 10,763 shares of RBB Bancorp stock. The stock was sold at an average price of $20.66, for a total value of $222,363.58.

Shares of RBB stock opened at $20.03 on Friday. The stock has a market capitalization of $384.38 million, a PE ratio of 6.74 and a beta of 0.88. RBB Bancorp has a 52-week low of $19.50 and a 52-week high of $29.08. The stock’s 50-day moving average price is $21.60 and its 200 day moving average price is $24.03. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.73.

RBB Bancorp (NASDAQ:RBBGet Rating) last issued its quarterly earnings results on Monday, April 25th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The firm had revenue of $37.44 million for the quarter, compared to analysts’ expectations of $36.30 million. RBB Bancorp had a return on equity of 12.91% and a net margin of 35.39%. During the same quarter in the previous year, the firm posted $0.63 EPS. Analysts expect that RBB Bancorp will post 3.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 6th. Investors of record on Monday, May 2nd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.80%. The ex-dividend date was Friday, April 29th. RBB Bancorp’s dividend payout ratio (DPR) is presently 18.86%.

Hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its stake in shares of RBB Bancorp by 61.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,699 shares of the company’s stock worth $44,000 after acquiring an additional 644 shares in the last quarter. Citigroup Inc. increased its holdings in shares of RBB Bancorp by 156.8% during the 3rd quarter. Citigroup Inc. now owns 1,782 shares of the company’s stock worth $45,000 after buying an additional 1,088 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of RBB Bancorp by 30.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 3,000 shares of the company’s stock worth $79,000 after buying an additional 700 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of RBB Bancorp by 95.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,662 shares of the company’s stock worth $92,000 after buying an additional 1,793 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in RBB Bancorp by 57.0% in the 1st quarter. MetLife Investment Management LLC now owns 7,339 shares of the company’s stock valued at $172,000 after purchasing an additional 2,663 shares in the last quarter. Hedge funds and other institutional investors own 36.27% of the company’s stock.

A number of analysts have issued reports on the company. Hovde Group downgraded RBB Bancorp from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $35.00 to $30.00 in a report on Tuesday, February 22nd. Piper Sandler cut RBB Bancorp from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $30.00 to $25.50 in a research report on Tuesday, March 29th. Finally, Janney Montgomery Scott cut RBB Bancorp from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a research report on Wednesday, February 23rd.

RBB Bancorp Company Profile (Get Rating)

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.

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