Shares of RBB Bancorp (NASDAQ:RBB) have been assigned an average broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company.
Brokerages have set a 12 month consensus price target of $27.50 for the company, according to Zacks. Zacks has also assigned RBB Bancorp an industry rank of 126 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on the stock. Zacks Investment Research cut shares of RBB Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Keefe, Bruyette & Woods restated a “buy” rating and set a $30.00 price objective on shares of RBB Bancorp in a report on Friday, December 22nd.
RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, January 22nd. The company reported $0.43 earnings per share for the quarter. The business had revenue of $21.69 million for the quarter. equities research analysts forecast that RBB Bancorp will post 2 earnings per share for the current fiscal year.
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. This represents a $0.32 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, January 30th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC acquired a new position in RBB Bancorp during the fourth quarter valued at approximately $162,000. California State Teachers Retirement System acquired a new position in RBB Bancorp during the third quarter valued at approximately $140,000. Teachers Advisors LLC grew its holdings in RBB Bancorp by 49.7% during the fourth quarter. Teachers Advisors LLC now owns 6,576 shares of the company’s stock valued at $180,000 after purchasing an additional 2,182 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in RBB Bancorp during the fourth quarter valued at approximately $203,000. Finally, Spark Investment Management LLC acquired a new position in RBB Bancorp during the fourth quarter valued at approximately $216,000. Hedge funds and other institutional investors own 25.24% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “RBB Bancorp (RBB) Given $27.50 Average Price Target by Brokerages” was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/03/13/rbb-bancorp-rbb-given-27-50-average-price-target-by-brokerages.html.
RBB Bancorp Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for RBB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.