RBB Bancorp (NASDAQ:RBB) CEO Yee Phong Thian Sells 38,763 Shares

RBB Bancorp (NASDAQ:RBBGet Rating) CEO Yee Phong Thian sold 38,763 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $20.24, for a total value of $784,563.12. Following the sale, the chief executive officer now directly owns 517,302 shares in the company, valued at $10,470,192.48. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Tuesday, June 14th, Yee Phong Thian sold 13,237 shares of RBB Bancorp stock. The stock was sold at an average price of $20.24, for a total value of $267,916.88.
  • On Wednesday, June 8th, Yee Phong Thian sold 24,000 shares of RBB Bancorp stock. The shares were 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 shares were sold at an average price of $20.66, for a total value of $222,363.58.

Shares of RBB Bancorp stock opened at $20.50 on Friday. The stock’s fifty day moving average is $21.55 and its two-hundred day moving average is $24.00. The company has a market capitalization of $393.40 million, a PE ratio of 6.90 and a beta of 0.88. 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 has a 52 week low of $19.50 and a 52 week high of $29.08.

RBB Bancorp (NASDAQ:RBBGet Rating) last announced its quarterly earnings data on Monday, April 25th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $37.44 million for the quarter, compared to the consensus estimate 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 prior year, the company posted $0.63 EPS. As a group, research analysts anticipate that RBB Bancorp will post 3.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 6th. Stockholders of record on Monday, May 2nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, April 29th. RBB Bancorp’s payout ratio is 18.86%.

Several institutional investors and hedge funds have recently bought and sold shares of RBB. Invesco Ltd. grew its position in shares of RBB Bancorp by 15.6% during the 2nd quarter. Invesco Ltd. now owns 18,000 shares of the company’s stock worth $436,000 after buying an additional 2,428 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of RBB Bancorp by 81.3% during the 2nd quarter. Wells Fargo & Company MN now owns 44,041 shares of the company’s stock worth $1,067,000 after buying an additional 19,748 shares in the last quarter. Citigroup Inc. grew its position 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 in the last quarter. Dimensional Fund Advisors LP grew its position in shares of RBB Bancorp by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 482,047 shares of the company’s stock worth $12,153,000 after buying an additional 17,415 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of RBB Bancorp by 5.6% during the 3rd quarter. Royal Bank of Canada now owns 11,450 shares of the company’s stock worth $289,000 after buying an additional 604 shares in the last quarter. 36.27% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Piper Sandler downgraded RBB Bancorp from a “neutral” rating to an “underweight” rating and cut their target price for the company from $30.00 to $25.50 in a research report on Tuesday, March 29th. Hovde Group downgraded RBB Bancorp from an “outperform” rating to a “market perform” rating and cut their target price for the company from $35.00 to $30.00 in a research report on Tuesday, February 22nd. Finally, Janney Montgomery Scott downgraded 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.

About RBB Bancorp (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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Insider Buying and Selling by Quarter for RBB Bancorp (NASDAQ:RBB)

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