RBB Bancorp (NASDAQ:RBB) Earns Market Perform Rating from Analysts at Hovde Group

Hovde Group initiated coverage on shares of RBB Bancorp (NASDAQ:RBB) in a research report report published on Monday, MarketBeat.com reports. The brokerage issued a market perform rating and a $19.00 target price on the stock.

A number of other equities analysts have also issued reports on RBB. Keefe, Bruyette & Woods raised their target price on shares of RBB Bancorp from $18.00 to $20.00 and gave the stock a market perform rating in a research report on Wednesday, January 24th. TheStreet upgraded shares of RBB Bancorp from a c+ rating to a b- rating in a research report on Wednesday, December 27th. 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. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $18.00.

RBB Bancorp Stock Up 1.4 %

Shares of NASDAQ:RBB opened at $18.50 on Monday. The firm’s 50 day moving average price is $17.42 and its 200 day moving average price is $16.62. The stock has a market cap of $344.47 million, a price-to-earnings ratio of 8.11 and a beta of 0.96. RBB Bancorp has a fifty-two week low of $8.62 and a fifty-two week high of $20.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.56.

RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.74%. The company had revenue of $58.17 million for the quarter, compared to analysts’ expectations of $27.40 million. During the same quarter last year, the company earned $0.58 earnings per share. As a group, equities research analysts predict that RBB Bancorp will post 1.47 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Shareholders of record on Wednesday, May 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, April 30th. RBB Bancorp’s dividend payout ratio (DPR) is currently 28.07%.

Insider Buying and Selling at RBB Bancorp

In other RBB Bancorp news, Director James Kao acquired 2,000 shares of the firm’s stock in a transaction that occurred on 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 35,977 shares of company stock valued at $624,060. 6.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On RBB Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Quadrature Capital Ltd grew its holdings in shares of RBB Bancorp by 20.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,004 shares of the company’s stock worth $248,000 after purchasing an additional 2,191 shares during the period. AJOVista LLC bought a new stake in RBB Bancorp in the fourth quarter valued at about $59,000. New York State Common Retirement Fund raised its stake in RBB Bancorp by 101.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock valued at $170,000 after buying an additional 4,503 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in RBB Bancorp by 0.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 78,338 shares of the company’s stock worth $1,492,000 after buying an additional 641 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of RBB Bancorp in the 4th quarter valued at approximately $177,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

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.