RBB Bancorp (RBB) to Release Quarterly Earnings on Monday

RBB Bancorp (NASDAQ:RBB) will release its earnings data after the market closes on Monday, April 22nd. Analysts expect RBB Bancorp to post earnings of $0.35 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, January 22nd. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The business had revenue of $33.06 million for the quarter, compared to analyst estimates of $27.60 million. RBB Bancorp had a return on equity of 8.36% and a net margin of 19.06%. On average, analysts expect RBB Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RBB Bancorp Price Performance

Shares of NASDAQ RBB opened at $17.83 on Friday. The firm has a market capitalization of $331.99 million, a P/E ratio of 7.34 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.56. The stock’s 50-day simple moving average is $17.40 and its two-hundred day simple moving average is $16.49. RBB Bancorp has a twelve month low of $8.62 and a twelve month high of $20.22.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Stephens restated an “equal weight” rating and issued a $19.00 target price on shares of RBB Bancorp in a research note on Tuesday, January 23rd. Keefe, Bruyette & Woods upped their target price on RBB Bancorp from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Finally, TheStreet upgraded RBB Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, December 27th.

Insider Activity

In other news, Director James Kao acquired 5,000 shares of RBB Bancorp stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average cost of $17.02 per share, for a total transaction of $85,100.00. Following the transaction, the director now owns 485,376 shares of the company’s stock, valued at $8,261,099.52. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have bought 35,977 shares of company stock worth $624,060. 13.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RBB Bancorp

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in RBB Bancorp by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 737,947 shares of the company’s stock valued at $14,051,000 after acquiring an additional 18,951 shares during the period. Barclays PLC boosted its holdings in RBB Bancorp by 737.9% during the 4th quarter. Barclays PLC now owns 22,792 shares of the company’s stock valued at $434,000 after acquiring an additional 20,072 shares during the period. Nuveen Asset Management LLC boosted its holdings in RBB Bancorp by 31.3% during the 4th quarter. Nuveen Asset Management LLC now owns 55,237 shares of the company’s stock valued at $1,052,000 after acquiring an additional 13,168 shares during the period. Bridgeway Capital Management LLC boosted its holdings in RBB Bancorp by 3.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 109,201 shares of the company’s stock valued at $2,079,000 after acquiring an additional 3,840 shares during the period. Finally, Comerica Bank boosted its holdings in RBB Bancorp by 4.3% during the 4th quarter. Comerica Bank now owns 34,844 shares of the company’s stock valued at $663,000 after acquiring an additional 1,426 shares during the period. 40.14% of the stock is currently owned by institutional investors.

RBB Bancorp Company Profile

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.