Bridgeway Capital Management LLC Increases Stock Position in RBB Bancorp (NASDAQ:RBB)

Bridgeway Capital Management LLC grew its position in shares of RBB Bancorp (NASDAQ:RBB) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 121,643 shares of the company’s stock after buying an additional 2,662 shares during the quarter. Bridgeway Capital Management LLC’s holdings in RBB Bancorp were worth $2,492,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in RBB. R Squared Ltd purchased a new stake in RBB Bancorp during the fourth quarter valued at $29,000. Tower Research Capital LLC TRC increased its holdings in shares of RBB Bancorp by 195.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company’s stock worth $36,000 after buying an additional 1,149 shares during the last quarter. SG Americas Securities LLC raised its position in shares of RBB Bancorp by 20.0% during the 4th quarter. SG Americas Securities LLC now owns 6,992 shares of the company’s stock valued at $143,000 after buying an additional 1,167 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of RBB Bancorp by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,564 shares of the company’s stock valued at $196,000 after acquiring an additional 1,925 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in RBB Bancorp by 14.9% in the fourth quarter. MetLife Investment Management LLC now owns 10,315 shares of the company’s stock worth $211,000 after acquiring an additional 1,336 shares in the last quarter. 40.14% of the stock is owned by institutional investors.

RBB Bancorp Trading Down 1.1 %

RBB opened at $15.89 on Friday. 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 stock’s 50 day moving average price is $16.14 and its 200-day moving average price is $19.38. RBB Bancorp has a one year low of $14.40 and a one year high of $25.30. The stock has a market cap of $281.87 million, a price-to-earnings ratio of 10.88 and a beta of 1.04.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Monday, April 28th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.25). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. The business had revenue of $28.46 million during the quarter, compared to the consensus estimate of $28.98 million. On average, equities analysts forecast that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 4.03%. RBB Bancorp’s payout ratio is 55.17%.

Analysts Set New Price Targets

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

Insider Buying and Selling at RBB Bancorp

In other news, Director James Kao bought 5,960 shares of the stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $17.24 per share, for a total transaction of $102,750.40. Following the acquisition, the director now owns 557,823 shares of the company’s stock, valued at $9,616,868.52. This represents a 1.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased a total of 9,924 shares of company stock valued at $171,398 in the last three months. Company insiders own 4.56% of the company’s stock.

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.