RBB Bancorp (NASDAQ:RBB) Director James Kao Acquires 3,352 Shares

RBB Bancorp (NASDAQ:RBB) Director James Kao acquired 3,352 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were bought at an average price of $17.31 per share, for a total transaction of $58,023.12. Following the acquisition, the director now owns 551,863 shares of the company’s stock, valued at approximately $9,552,748.53. This represents a 0.61 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

James Kao also recently made the following trade(s):

• On Monday, February 24th, James Kao bought 5,960 shares of RBB Bancorp stock. The shares were bought at an average cost of $17.24 per share, for a total transaction of $102,750.40.

RBB Bancorp Stock Performance

Shares of NASDAQ:RBB traded up $0.36 during midday trading on Tuesday, reaching $17.46. The company’s stock had a trading volume of 39,933 shares, compared to its average volume of 45,906. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average of $19.42 and a 200 day moving average of $21.78. RBB Bancorp has a twelve month low of $16.54 and a twelve month high of $25.30. The firm has a market capitalization of $308.92 million, a PE ratio of 11.96 and a beta of 0.97.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. On average, equities analysts expect that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st were given a $0.16 dividend. The ex-dividend date was Friday, January 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.67%. RBB Bancorp’s dividend payout ratio (DPR) is currently 43.84%.

Analysts Set New Price Targets

Several research firms have recently commented on RBB. Stephens lowered their price objective on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods lowered their price target on RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Finally, Piper Sandler dropped their price target on RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th.

Institutional Investors Weigh In On RBB Bancorp

Several hedge funds have recently modified their holdings of RBB. R Squared Ltd acquired a new position in RBB Bancorp in the 4th quarter worth about $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of RBB Bancorp by 195.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company’s stock worth $36,000 after purchasing an additional 1,149 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in RBB Bancorp by 13.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock valued at $86,000 after buying an additional 444 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of RBB Bancorp by 20.0% in the fourth quarter. SG Americas Securities LLC now owns 6,992 shares of the company’s stock valued at $143,000 after purchasing an additional 1,167 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of RBB Bancorp by 25.2% during the 4th quarter. Wells Fargo & Company MN now owns 9,564 shares of the company’s stock worth $196,000 after buying an additional 1,925 shares during the last quarter. 40.14% of the stock is owned by hedge funds and other institutional investors.

RBB Bancorp Company Profile

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.