RBB Bancorp (NASDAQ:RBB) Sees Large Drop in Short Interest

RBB Bancorp (NASDAQ:RBB) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 107,500 shares, a decrease of 37.7% from the October 31st total of 172,600 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 48,300 shares, the short-interest ratio is currently 2.2 days.

Insider Buying and Selling at RBB Bancorp

In other news, CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the transaction, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at approximately $938,900.58. The trade was a 19.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.63% of the company’s stock.

Institutional Trading of RBB Bancorp

Several hedge funds have recently made changes to their positions in the business. CWM LLC raised its holdings in shares of RBB Bancorp by 21.7% in the second quarter. CWM LLC now owns 4,594 shares of the company’s stock worth $86,000 after buying an additional 818 shares during the period. BNP Paribas Financial Markets increased its position in shares of RBB Bancorp by 13.5% during the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after acquiring an additional 444 shares during the period. SG Americas Securities LLC purchased a new stake in shares of RBB Bancorp in the third quarter valued at approximately $134,000. AQR Capital Management LLC purchased a new position in RBB Bancorp during the 2nd quarter worth $244,000. Finally, Franklin Resources Inc. bought a new stake in shares of RBB Bancorp in the 3rd quarter valued at about $252,000. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

RBB Bancorp Trading Down 1.2 %

RBB Bancorp stock traded down $0.29 during mid-day trading on Thursday, reaching $23.92. 24,946 shares of the company traded hands, compared to its average volume of 51,631. RBB Bancorp has a 52-week low of $15.10 and a 52-week high of $25.30. The firm has a market capitalization of $423.22 million, a price-to-earnings ratio of 12.93 and a beta of 0.95. The firm’s 50 day moving average price is $23.36 and its 200 day moving average price is $21.35. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, October 21st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $60.17 million during the quarter, compared to the consensus estimate of $28.17 million. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. During the same quarter in the previous year, the firm posted $0.63 EPS. On average, analysts anticipate that RBB Bancorp will post 1.58 earnings per share for the current fiscal year.

RBB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend was Thursday, October 31st. RBB Bancorp’s dividend payout ratio is 34.59%.

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.