RBB Bancorp (NASDAQ:RBB) Stock Rating Reaffirmed by Stephens

RBB Bancorp (NASDAQ:RBB)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Stephens in a report issued on Tuesday, Benzinga reports. They presently have a $20.00 target price on the stock. Stephens’ target price points to a potential upside of 8.11% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on the stock. TheStreet upgraded shares of RBB Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Hovde Group started coverage on shares of RBB Bancorp in a research report on Monday. They set a “market perform” rating and a $19.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their price objective on shares of RBB Bancorp from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating, According to MarketBeat, RBB Bancorp presently has an average rating of “Hold” and an average price target of $18.00.

RBB Bancorp Trading Up 1.4 %

Shares of NASDAQ:RBB opened at $18.50 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. The firm has a market cap of $344.47 million, a P/E ratio of 8.11 and a beta of 0.96. RBB Bancorp has a twelve month low of $8.62 and a twelve month high of $20.22. The company has a 50 day moving average of $17.42 and a 200-day moving average of $16.62.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. The business had revenue of $58.17 million during the quarter, compared to the consensus estimate of $27.40 million. During the same period in the prior year, the firm earned $0.58 EPS. As a group, analysts anticipate that RBB Bancorp will post 1.47 earnings per share for the current fiscal year.

Insider Buying and Selling at RBB Bancorp

In other news, Director James Kao bought 12,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average cost of $18.05 per share, for a total transaction of $216,600.00. Following the completion of the acquisition, the director now owns 460,376 shares in the company, valued at $8,309,786.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have purchased 35,977 shares of company stock valued at $624,060. 6.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RBB Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its position in RBB Bancorp by 36.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company’s stock worth $44,000 after purchasing an additional 929 shares during the period. AJOVista LLC acquired a new position in shares of RBB Bancorp in the fourth quarter valued at approximately $59,000. Quadrature Capital Ltd bought a new position in shares of RBB Bancorp during the 3rd quarter worth approximately $138,000. New York State Common Retirement Fund boosted its holdings in shares of RBB Bancorp by 101.4% during the 4th quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock worth $170,000 after buying an additional 4,503 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of RBB Bancorp in the 4th quarter worth $177,000. 40.14% of the stock is currently owned by institutional investors and hedge funds.

About RBB Bancorp

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.