Endeavour Capital Advisors Inc. cut its stake in shares of RBB Bancorp (NASDAQ:RBB) by 65.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,025 shares of the company’s stock after selling 234,565 shares during the quarter. RBB Bancorp accounts for 1.4% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 22nd largest holding. Endeavour Capital Advisors Inc. owned 0.79% of RBB Bancorp worth $3,422,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System acquired a new stake in shares of RBB Bancorp in the third quarter worth $140,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of RBB Bancorp in the fourth quarter worth $203,000. Spark Investment Management LLC acquired a new stake in shares of RBB Bancorp in the fourth quarter worth $216,000. Deutsche Bank AG boosted its position in shares of RBB Bancorp by 97.9% in the fourth quarter. Deutsche Bank AG now owns 8,513 shares of the company’s stock worth $231,000 after buying an additional 4,212 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in shares of RBB Bancorp in the fourth quarter worth $245,000. 25.24% of the stock is owned by institutional investors and hedge funds.
Shares of RBB Bancorp (NASDAQ:RBB) opened at $26.42 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.12. RBB Bancorp has a 1-year low of $21.26 and a 1-year high of $27.55.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.32 annualized dividend and a dividend yield of 1.21%.
RBB has been the subject of several recent analyst reports. Zacks Investment Research cut RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $30.00 target price on shares of RBB Bancorp in a research report on Friday, December 22nd.
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About RBB Bancorp
RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank.
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