Stephens Reiterates “Equal Weight” Rating for RBB Bancorp (NASDAQ:RBB)

Stephens reaffirmed their equal weight rating on shares of RBB Bancorp (NASDAQ:RBB) in a report issued on Tuesday morning, Benzinga reports. They currently have a $20.00 price target on the stock.

A number of other analysts have also recently issued reports on the company. Piper Sandler restated a neutral rating and set a $21.00 price objective (up from $19.00) on shares of RBB Bancorp in a research report on Thursday, July 18th. Keefe, Bruyette & Woods restated a market perform rating and set a $22.00 price objective (up from $20.00) on shares of RBB Bancorp in a research report on Thursday, April 25th. Finally, Hovde Group restated a market perform rating and set a $20.00 price objective on shares of RBB Bancorp in a research report on Monday, July 15th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, RBB Bancorp has an average rating of Hold and an average price target of $20.88.

RBB Bancorp Stock Up 3.4 %

Shares of RBB stock opened at $23.18 on Tuesday. RBB Bancorp has a 12 month low of $11.15 and a 12 month high of $23.50. The firm has a market cap of $427.44 million, a PE ratio of 10.17 and a beta of 0.97. The stock has a 50 day moving average of $18.77 and a 200-day moving average of $18.08. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.55.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings results on Monday, July 22nd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. The company had revenue of $27.45 million during the quarter, compared to analyst estimates of $27.39 million. RBB Bancorp had a return on equity of 6.95% and a net margin of 16.38%. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. On average, equities analysts predict that RBB Bancorp will post 1.5 EPS for the current year.

RBB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Wednesday, July 31st. RBB Bancorp’s dividend payout ratio (DPR) is 28.07%.

Insider Buying and Selling at RBB Bancorp

In related news, Director James Kao purchased 7,000 shares of the stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of $17.08 per share, for a total transaction of $119,560.00. Following the completion of the transaction, the director now directly owns 548,511 shares of the company’s stock, valued at approximately $9,368,567.88. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.63% of the company’s stock.

Institutional Trading of RBB Bancorp

Large investors have recently made changes to their positions in the business. AJOVista LLC bought a new stake in shares of RBB Bancorp during the fourth quarter worth $59,000. CWM LLC grew its holdings in shares of RBB Bancorp by 21.7% during the second quarter. CWM LLC now owns 4,594 shares of the company’s stock worth $86,000 after purchasing an additional 818 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of RBB Bancorp by 89.6% during the first quarter. BNP Paribas Financial Markets now owns 8,236 shares of the company’s stock worth $148,000 after purchasing an additional 3,892 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of 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 worth $170,000 after purchasing an additional 4,503 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of RBB Bancorp during the fourth quarter worth $177,000. Institutional investors 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.