RBB Bancorp (NASDAQ:RBB) Stock Rating Lowered by Wall Street Zen

RBB Bancorp (NASDAQ:RBB) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities analysts have also recently commented on the stock. Piper Sandler lifted their price objective on shares of RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Zacks Research cut shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings restated a “hold (c)” rating on shares of RBB Bancorp in a report on Wednesday. Finally, Keefe, Bruyette & Woods lifted their price target on RBB Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, October 22nd. Five analysts have rated the stock with a Hold rating, According to MarketBeat, RBB Bancorp has a consensus rating of “Hold” and an average price target of $22.33.

RBB Bancorp Trading Up 1.0%

RBB Bancorp stock opened at $20.74 on Friday. The stock has a 50-day simple moving average of $21.17 and a 200 day simple moving average of $19.77. The stock has a market capitalization of $353.62 million, a P/E ratio of 11.33 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.05. RBB Bancorp has a 52 week low of $14.40 and a 52 week high of $22.58.

RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings data on Monday, January 26th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.10. The company had revenue of $32.32 million during the quarter, compared to analysts’ expectations of $33.23 million. RBB Bancorp had a return on equity of 6.21% and a net margin of 13.42%. Analysts expect that RBB Bancorp will post 1.63 earnings per share for the current year.

Institutional Investors Weigh In On RBB Bancorp

Large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in shares of RBB Bancorp during the 2nd quarter worth approximately $430,000. Fourthstone LLC bought a new stake in shares of RBB Bancorp during the 2nd quarter worth $2,830,000. PNC Financial Services Group Inc. grew its position in RBB Bancorp by 235.0% in the second quarter. PNC Financial Services Group Inc. now owns 3,105 shares of the company’s stock valued at $53,000 after acquiring an additional 2,178 shares during the last quarter. SG Americas Securities LLC acquired a new position in RBB Bancorp during the fourth quarter worth about $112,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of RBB Bancorp by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 34,985 shares of the company’s stock worth $656,000 after acquiring an additional 2,580 shares during the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

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.