RBB Bancorp (NASDAQ:RBB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of RBB Bancorp (NASDAQ:RBB) from a hold rating to a buy rating in a report issued on Saturday morning.

RBB has been the topic of a number of other reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of RBB Bancorp in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lifted their price target on shares of RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Piper Sandler lifted their target price on RBB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $22.33.

RBB Bancorp Stock Performance

RBB opened at $19.53 on Friday. The business’s 50-day moving average price is $19.09 and its two-hundred day moving average price is $17.87. RBB Bancorp has a 1 year low of $14.40 and a 1 year high of $25.30. The company has a market capitalization of $336.89 million, a price-to-earnings ratio of 13.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.07 and a quick ratio of 1.07.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, October 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.18. RBB Bancorp had a return on equity of 5.11% and a net margin of 11.12%.The business had revenue of $31.95 million for the quarter, compared to analyst estimates of $31.72 million. During the same quarter last year, the firm earned $0.39 EPS. Equities analysts expect that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, October 31st. RBB Bancorp’s payout ratio is 42.95%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RBB. Nuveen LLC acquired a new position in shares of RBB Bancorp during the 1st quarter worth approximately $873,000. FNY Investment Advisers LLC acquired a new position in shares of RBB Bancorp in the second quarter valued at $430,000. American Century Companies Inc. increased its holdings in shares of RBB Bancorp by 8.7% in the first quarter. American Century Companies Inc. now owns 373,405 shares of the company’s stock valued at $6,161,000 after purchasing an additional 29,761 shares during the last quarter. FJ Capital Management LLC increased its holdings in shares of RBB Bancorp by 8.6% in the first quarter. FJ Capital Management LLC now owns 1,756,006 shares of the company’s stock valued at $28,974,000 after purchasing an additional 139,163 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of RBB Bancorp in the first quarter valued at $482,000. 40.14% of the stock is 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.