RBB Bancorp (NASDAQ:RBB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

RBB Bancorp (NASDAQ:RBB)‘s stock had its “market perform” rating reissued by analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $22.00 price target on the stock, up from their previous price target of $20.00. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 19.05% from the stock’s previous close.

Several other research analysts have also commented on the stock. Stephens restated an “equal weight” rating and issued a $20.00 price target on shares of RBB Bancorp in a report on Tuesday. Hovde Group started coverage on shares of RBB Bancorp in a report on Monday. They issued a “market perform” rating and a $19.00 price target on the stock. Finally, TheStreet raised shares of RBB Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, RBB Bancorp currently has an average rating of “Hold” and a consensus price target of $18.50.

RBB Bancorp Trading Down 0.1 %

Shares of RBB stock traded down $0.02 during trading hours on Thursday, hitting $18.48. 11,641 shares of the company were exchanged, compared to its average volume of 40,723. The firm has a market cap of $344.13 million, a PE ratio of 8.04 and a beta of 0.96. RBB Bancorp has a 1 year low of $8.62 and a 1 year 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. The firm has a fifty day moving average of $17.42 and a 200 day moving average of $16.62.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 earnings per share 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 for the quarter, compared to analyst estimates of $27.40 million. During the same period in the prior year, the firm posted $0.58 EPS. Analysts expect that RBB Bancorp will post 1.47 earnings per share for the current year.

Insider Transactions at RBB Bancorp

In related news, Director James Kao purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average price of $17.02 per share, with a total value of $85,100.00. Following the completion of the transaction, the director now owns 485,376 shares of the company’s stock, valued at $8,261,099.52. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders purchased 35,977 shares of company stock valued at $624,060. 6.63% of the stock is currently owned by corporate insiders.

Institutional Trading of RBB Bancorp

Hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake 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 valued at $44,000 after purchasing an additional 929 shares during the last quarter. AJOVista LLC acquired a new stake in RBB Bancorp in the 4th quarter valued at about $59,000. Quadrature Capital Ltd acquired a new stake in RBB Bancorp in the 3rd quarter valued at about $138,000. New York State Common Retirement Fund lifted its holdings in RBB Bancorp by 101.4% in the 4th quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock valued at $170,000 after acquiring an additional 4,503 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in RBB Bancorp in the 4th quarter valued at about $177,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

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.