Insider Selling: RBB Bancorp (NASDAQ:RBB) EVP Sells $24,275.23 in Stock

RBB Bancorp (NASDAQ:RBB) EVP Gary Fan sold 1,451 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $16.73, for a total transaction of $24,275.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

RBB Bancorp Trading Up 3.0%

RBB opened at $17.07 on Monday. The firm’s fifty day moving average is $16.05 and its two-hundred day moving average is $18.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $302.82 million, a PE ratio of 11.69 and a beta of 1.06. RBB Bancorp has a twelve month low of $14.40 and a twelve month high of $25.30.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, April 28th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.25). The firm had revenue of $28.46 million during the quarter, compared to analyst estimates of $28.98 million. RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. Equities research analysts anticipate that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp announced that its Board of Directors has approved a share repurchase program on Thursday, May 29th that authorizes the company to buyback $18.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

RBB Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 12th. Investors of record on Wednesday, April 30th were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.75%. RBB Bancorp’s payout ratio is 55.17%.

Institutional Investors Weigh In On RBB Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in RBB. Rhino Investment Partners Inc raised its holdings in shares of RBB Bancorp by 231.8% during the fourth quarter. Rhino Investment Partners Inc now owns 513,546 shares of the company’s stock worth $10,523,000 after acquiring an additional 358,779 shares during the period. FJ Capital Management LLC raised its holdings in shares of RBB Bancorp by 8.6% during the first quarter. FJ Capital Management LLC now owns 1,756,006 shares of the company’s stock worth $28,974,000 after acquiring an additional 139,163 shares during the period. Nuveen LLC acquired a new stake in shares of RBB Bancorp during the first quarter worth $873,000. JPMorgan Chase & Co. increased its stake in RBB Bancorp by 101.2% in the 4th quarter. JPMorgan Chase & Co. now owns 101,131 shares of the company’s stock valued at $2,072,000 after buying an additional 50,867 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in RBB Bancorp by 12.2% in the 4th quarter. American Century Companies Inc. now owns 343,644 shares of the company’s stock valued at $7,041,000 after buying an additional 37,282 shares during the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

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.