RBB Bancorp (NASDAQ:RBB) Director David Richard Morris Sells 4,500 Shares

RBB Bancorp (NASDAQ:RBB) Director David Richard Morris sold 4,500 shares of RBB Bancorp stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $23.90, for a total value of $107,550.00. Following the completion of the sale, the director owned 43,422 shares of the company’s stock, valued at approximately $1,037,785.80. The trade was a 9.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

RBB Bancorp Price Performance

RBB Bancorp stock opened at $24.14 on Wednesday. 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 has a market capitalization of $412.07 million, a P/E ratio of 10.23 and a beta of 1.07. The business has a 50-day moving average of $22.08 and a 200-day moving average of $21.14. RBB Bancorp has a 1 year low of $14.66 and a 1 year high of $24.73.

RBB Bancorp (NASDAQ:RBB) last posted 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. RBB Bancorp had a return on equity of 7.90% and a net margin of 16.76%.The firm had revenue of $34.75 million during the quarter, compared to analysts’ expectations of $32.38 million. On average, equities analysts anticipate that RBB Bancorp will post 2.35 EPS for the current year.

RBB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a $0.16 dividend. The ex-dividend date is Thursday, April 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.7%. RBB Bancorp’s dividend payout ratio (DPR) is 27.12%.

Wall Street Analyst Weigh In

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

Institutional Trading of RBB Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in RBB Bancorp by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 813,519 shares of the company’s stock valued at $16,791,000 after buying an additional 4,999 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of RBB Bancorp by 4.2% in the 2nd quarter. Geode Capital Management LLC now owns 362,884 shares of the company’s stock valued at $6,246,000 after purchasing an additional 14,751 shares in the last quarter. State Street Corp grew its holdings in shares of RBB Bancorp by 0.5% during the 4th quarter. State Street Corp now owns 320,706 shares of the company’s stock valued at $6,619,000 after purchasing an additional 1,550 shares during the last quarter. Rhino Investment Partners Inc increased its position in RBB Bancorp by 3.4% during the 3rd quarter. Rhino Investment Partners Inc now owns 253,190 shares of the company’s stock worth $4,750,000 after purchasing an additional 8,317 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in RBB Bancorp by 48.2% in the 1st quarter. Hillsdale Investment Management Inc. now owns 221,400 shares of the company’s stock valued at $4,731,000 after purchasing an additional 72,000 shares during the last quarter. Institutional investors own 40.14% of the company’s stock.

RBB Bancorp Company Profile

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.