John G Ullman & Associates Inc. Has $924,000 Stock Position in RBB Bancorp (NASDAQ:RBB)

John G Ullman & Associates Inc. decreased its position in RBB Bancorp (NASDAQ:RBB) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,550 shares of the company’s stock after selling 600 shares during the period. John G Ullman & Associates Inc. owned about 0.26% of RBB Bancorp worth $924,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new position in shares of RBB Bancorp in the 3rd quarter worth approximately $138,000. Allspring Global Investments Holdings LLC grew its position in RBB Bancorp by 36.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company’s stock worth $44,000 after acquiring an additional 929 shares during the last quarter. SG Americas Securities LLC bought a new stake in RBB Bancorp during the 4th quarter worth approximately $177,000. Barclays PLC grew its position in RBB Bancorp by 88.7% during the 1st quarter. Barclays PLC now owns 7,413 shares of the company’s stock worth $115,000 after acquiring an additional 3,485 shares during the last quarter. Finally, UBS Group AG grew its position in RBB Bancorp by 299.3% during the 4th quarter. UBS Group AG now owns 4,971 shares of the company’s stock worth $104,000 after acquiring an additional 3,726 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on RBB. TheStreet upgraded RBB Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods increased their price objective on RBB Bancorp from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Finally, Stephens reiterated an “equal weight” rating and issued a $19.00 price objective on shares of RBB Bancorp in a research report on Tuesday, January 23rd.

Insider Transactions at RBB Bancorp

In related news, Director James Kao purchased 2,000 shares of RBB Bancorp stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $16.98 per share, for a total transaction of $33,960.00. Following the transaction, the director now directly owns 519,175 shares of the company’s stock, valued at $8,815,591.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 35,977 shares of company stock worth $624,060 in the last three months. Insiders own 13.15% of the company’s stock.

RBB Bancorp Stock Up 5.2 %

Shares of RBB opened at $17.83 on Friday. The firm has a market capitalization of $331.99 million, a price-to-earnings ratio of 7.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. The business’s fifty day moving average price is $17.40 and its two-hundred day moving average price is $16.49. RBB Bancorp has a 52 week low of $8.62 and a 52 week high of $20.22.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, January 22nd. 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 return on equity of 8.36% and a net margin of 19.06%. The business had revenue of $33.06 million for the quarter, compared to analyst estimates of $27.60 million. On average, analysts predict that RBB Bancorp will post 1.47 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Wednesday, May 1st will be given a $0.16 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.59%. RBB Bancorp’s dividend payout ratio is currently 26.34%.

RBB Bancorp Company Profile

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.