RBB Bancorp (NASDAQ:RBB) Stock Rating Reaffirmed by Stephens

RBB Bancorp (NASDAQ:RBB)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Stephens in a report issued on Tuesday, Benzinga reports. They presently have a $20.00 target price on the stock. Stephens’ price objective would suggest a potential upside of 8.11% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. TheStreet upgraded RBB Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods boosted their target price on shares of RBB Bancorp from $18.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Finally, Hovde Group began coverage on shares of RBB Bancorp in a report on Monday. They issued a “market perform” rating and a $19.00 target price for the company. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.00.

RBB Bancorp Stock Performance

Shares of RBB opened at $18.50 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $344.47 million, a price-to-earnings ratio of 8.11 and a beta of 0.96. The stock has a 50 day moving average of $17.42 and a 200 day moving average of $16.62. RBB Bancorp has a 12 month low of $8.62 and a 12 month high of $20.22.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The company had revenue of $58.17 million during the quarter, compared to the consensus estimate of $27.40 million. RBB Bancorp had a return on equity of 7.74% and a net margin of 17.69%. During the same period last year, the business posted $0.58 earnings per share. As a group, sell-side analysts forecast that RBB Bancorp will post 1.47 earnings per share for the current year.

Insider Activity at RBB Bancorp

In related news, Director James Kao acquired 12,000 shares of RBB Bancorp stock in a transaction on Wednesday, January 31st. The stock was bought at an average cost of $18.05 per share, for a total transaction of $216,600.00. Following the completion of the transaction, the director now owns 460,376 shares of the company’s stock, valued at approximately $8,309,786.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 35,977 shares of company stock worth $624,060 in the last three months. Company insiders own 6.63% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wedge Capital Management L L P NC boosted its stake in shares of RBB Bancorp by 0.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,338 shares of the company’s stock valued at $1,492,000 after purchasing an additional 641 shares during the period. Allspring Global Investments Holdings LLC grew its position in RBB Bancorp by 36.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company’s stock valued at $44,000 after buying an additional 929 shares during the last quarter. Quadrature Capital Ltd boosted its position in shares of RBB Bancorp by 20.3% during the 4th quarter. Quadrature Capital Ltd now owns 13,004 shares of the company’s stock worth $248,000 after purchasing an additional 2,191 shares in the last quarter. AJOVista LLC acquired a new position in shares of RBB Bancorp during the 4th quarter worth $59,000. Finally, New York State Common Retirement Fund boosted its position in RBB Bancorp by 101.4% during the fourth quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock worth $170,000 after acquiring an additional 4,503 shares during the last quarter. Hedge funds and other institutional investors own 40.14% 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.