RBB Bancorp (NASDAQ:RBB) Upgraded by Wall Street Zen to “Buy” Rating

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

A number of other equities research analysts have also weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of RBB Bancorp in a report on Friday, October 31st. Zacks Research raised shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Keefe, Bruyette & Woods increased their price objective on RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, October 22nd. Finally, Piper Sandler raised their target price on RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.33.

RBB Bancorp Price Performance

RBB Bancorp stock opened at $21.70 on Friday. The stock has a 50-day moving average price of $19.71 and a two-hundred day moving average price of $18.96. RBB Bancorp has a 12 month low of $14.40 and a 12 month high of $22.58. The company has a market capitalization of $369.99 million, a PE ratio of 14.56 and a beta of 1.08. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52.

RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings results on Monday, October 20th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.18. RBB Bancorp had a return on equity of 5.10% and a net margin of 11.12%.The company had revenue of $32.57 million for the quarter, compared to analysts’ expectations of $31.72 million. During the same period in the previous year, the business posted $0.39 earnings per share. Analysts expect that RBB Bancorp will post 1.63 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Nuveen LLC purchased a new stake in RBB Bancorp in the first quarter worth $873,000. American Century Companies Inc. increased its stake in shares of RBB Bancorp by 8.7% in the first quarter. American Century Companies Inc. now owns 373,405 shares of the company’s stock worth $6,161,000 after purchasing an additional 29,761 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of RBB Bancorp by 6.9% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 171,400 shares of the company’s stock valued at $2,828,000 after buying an additional 11,000 shares in the last quarter. Royal Bank of Canada boosted its holdings in RBB Bancorp by 20.4% in the 1st quarter. Royal Bank of Canada now owns 16,312 shares of the company’s stock worth $268,000 after buying an additional 2,762 shares during the period. Finally, FJ Capital Management LLC raised its holdings in RBB Bancorp by 8.6% during the 1st quarter. FJ Capital Management LLC now owns 1,756,006 shares of the company’s stock valued at $28,974,000 after acquiring an additional 139,163 shares during the period. 40.14% of the stock is owned by institutional investors.

RBB Bancorp Company Profile

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.