RBB Bancorp (NASDAQ:RBB) Stock Rating Lowered by Wall Street Zen

RBB Bancorp (NASDAQ:RBB) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other 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 Wednesday. Zacks Research cut shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Piper Sandler boosted their target price on shares of RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Finally, Keefe, Bruyette & Woods increased their price target on shares of RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.33.

RBB Bancorp Stock Up 1.0%

RBB opened at $20.74 on Friday. The company has a market capitalization of $353.62 million, a PE ratio of 11.33 and a beta of 1.08. The firm has a 50-day simple moving average of $21.17 and a two-hundred day simple moving average of $19.75. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.52. RBB Bancorp has a 52 week low of $14.40 and a 52 week high of $22.58.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, January 26th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.10. The company had revenue of $32.32 million for the quarter, compared to the consensus estimate of $33.23 million. RBB Bancorp had a return on equity of 6.21% and a net margin of 13.42%. Analysts forecast that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

Institutional Trading of RBB Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in shares of RBB Bancorp during the fourth quarter valued at approximately $28,000. BNP Paribas Financial Markets lifted its stake in shares of RBB Bancorp by 84.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock worth $31,000 after acquiring an additional 835 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in RBB Bancorp by 235.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,105 shares of the company’s stock valued at $53,000 after acquiring an additional 2,178 shares during the period. CWM LLC grew its position in RBB Bancorp by 95.8% in the 3rd quarter. CWM LLC now owns 5,942 shares of the company’s stock valued at $111,000 after acquiring an additional 2,908 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in RBB Bancorp in the 4th quarter valued at $112,000. 40.14% of the stock is owned by hedge funds and other institutional investors.

About RBB Bancorp

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.