RBB Bancorp (NASDAQ:RBB) Director Purchases $58,023.12 in Stock

RBB Bancorp (NASDAQ:RBB) Director James Kao acquired 3,352 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was purchased at an average cost of $17.31 per share, with a total value of $58,023.12. Following the transaction, the director now owns 551,863 shares of the company’s stock, valued at approximately $9,552,748.53. The trade was a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

James Kao also recently made the following trade(s):

• On Monday, February 24th, James Kao acquired 5,960 shares of RBB Bancorp stock. The stock was purchased at an average cost of $17.24 per share, with a total value of $102,750.40.

RBB Bancorp Price Performance

RBB Bancorp stock opened at $17.46 on Wednesday. RBB Bancorp has a 1 year low of $16.54 and a 1 year high of $25.30. The firm has a 50 day moving average price of $19.42 and a 200 day moving average price of $21.78. The company has a market cap of $308.92 million, a price-to-earnings ratio of 11.96 and a beta of 0.97. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11.

RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. Sell-side analysts predict that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st were paid a dividend of $0.16 per share. The ex-dividend date was Friday, January 31st. This represents a $0.64 annualized dividend and a yield of 3.67%. RBB Bancorp’s dividend payout ratio is currently 43.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RBB. Piper Sandler lowered their target price on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Stephens lowered their target price on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating for the company in a report on Friday, February 7th.

Institutional Investors Weigh In On RBB Bancorp

Several institutional investors have recently bought and sold shares of RBB. Empowered Funds LLC grew its stake in RBB Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 53,098 shares of the company’s stock worth $1,222,000 after buying an additional 2,680 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in RBB Bancorp during the third quarter worth approximately $295,000. BNP Paribas Financial Markets grew its stake in 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 buying an additional 444 shares during the period. State Street Corp boosted its stake in shares of RBB Bancorp by 3.8% in the third quarter. State Street Corp now owns 323,727 shares of the company’s stock valued at $7,452,000 after purchasing an additional 11,809 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of RBB Bancorp by 50.9% in the third quarter. Jane Street Group LLC now owns 27,582 shares of the company’s stock valued at $635,000 after purchasing an additional 9,305 shares during the period. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

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.