Insider Selling: RBB Bancorp (NASDAQ:RBB) EVP Sells $144,240.00 in Stock

RBB Bancorp (NASDAQ:RBB) EVP Gary Fan sold 6,000 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $24.04, for a total transaction of $144,240.00. Following the transaction, the executive vice president owned 1,437 shares in the company, valued at approximately $34,545.48. This trade represents a 80.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

RBB Bancorp Stock Performance

NASDAQ:RBB opened at $24.24 on Monday. The firm has a market capitalization of $413.78 million, a PE ratio of 10.27 and a beta of 1.07. RBB Bancorp has a 1 year low of $14.66 and a 1 year high of $24.73. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The firm’s fifty day simple moving average is $22.04 and its 200 day simple moving average is $21.09.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, April 20th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.21. The firm had revenue of $34.75 million for the quarter, compared to analyst estimates of $32.38 million. RBB Bancorp had a return on equity of 7.90% and a net margin of 16.76%. On average, sell-side analysts anticipate that RBB Bancorp will post 2.35 EPS for the current year.

RBB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 2.6%. RBB Bancorp’s dividend payout ratio (DPR) is 27.12%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RBB shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RBB Bancorp in a report on Monday, April 27th. Zacks Research upgraded RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Hovde Group raised their price objective on RBB Bancorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.33.

Hedge Funds Weigh In On RBB Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Torren Management LLC bought a new position in shares of RBB Bancorp during the 4th quarter worth approximately $28,000. CANADA LIFE ASSURANCE Co bought a new position in shares of RBB Bancorp during the fourth quarter valued at $34,000. BNP Paribas Financial Markets boosted its stake in shares of RBB Bancorp by 84.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock valued at $31,000 after purchasing an additional 835 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of RBB Bancorp in the 4th quarter valued at $112,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of RBB Bancorp by 75.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,442 shares of the company’s stock worth $102,000 after purchasing an additional 2,337 shares during the last quarter. Institutional investors own 40.14% of the company’s stock.

About RBB Bancorp

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.