RBB Bancorp (NASDAQ:RBB) Given Consensus Rating of “Hold” by Analysts

Shares of RBB Bancorp (NASDAQ:RBB) have received an average recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $22.3333.

Several research firms have weighed in on RBB. Wall Street Zen cut RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research cut RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Piper Sandler upped their price target on RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of RBB Bancorp in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their target price 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.

RBB Bancorp Stock Up 1.0%

Shares of NASDAQ RBB opened at $20.74 on Friday. The firm has a fifty day simple moving average of $21.17 and a two-hundred day simple moving average of $19.76. RBB Bancorp has a 12 month low of $14.40 and a 12 month high of $22.58. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $353.62 million, a PE ratio of 11.33 and a beta of 1.08.

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

RBB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.64 annualized dividend and a yield of 3.1%. RBB Bancorp’s payout ratio is presently 34.97%.

Hedge Funds Weigh In On RBB Bancorp

Several large investors have recently made changes to their positions in RBB. Torren Management LLC bought a new stake in shares of RBB Bancorp in the 4th quarter worth approximately $28,000. BNP Paribas Financial Markets raised its stake in RBB Bancorp by 84.9% during the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock valued at $31,000 after buying an additional 835 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in RBB Bancorp by 235.0% in the second quarter. PNC Financial Services Group Inc. now owns 3,105 shares of the company’s stock worth $53,000 after acquiring an additional 2,178 shares in the last quarter. CWM LLC grew its stake in shares of RBB Bancorp by 95.8% in the third quarter. CWM LLC now owns 5,942 shares of the company’s stock worth $111,000 after acquiring an additional 2,908 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of RBB Bancorp during the fourth quarter valued at $112,000. 40.14% of the stock is currently 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.