Insider Buying: RBB Bancorp (NASDAQ:RBB) Director Purchases 5,960 Shares of Stock

RBB Bancorp (NASDAQ:RBB) Director James Kao acquired 5,960 shares of the business’s stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $17.24 per share, with a total value of $102,750.40. Following the completion of the purchase, the director now owns 557,823 shares in the company, valued at $9,616,868.52. This represents a 1.08 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, February 21st, James Kao bought 3,352 shares of RBB Bancorp stock. The shares were bought at an average price of $17.31 per share, for a total transaction of $58,023.12.

RBB Bancorp Trading Up 2.1 %

RBB opened at $17.46 on Wednesday. RBB Bancorp has a one year low of $16.54 and a one year high of $25.30. The stock has a market capitalization of $308.92 million, a PE ratio of 11.96 and a beta of 0.97. The business’s 50 day moving average price is $19.42 and its 200 day moving average price is $21.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11.

RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. As a group, equities research analysts expect that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Friday, January 31st. RBB Bancorp’s dividend payout ratio is presently 43.84%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. acquired a new position in RBB Bancorp in the third quarter valued at approximately $252,000. Barclays PLC raised its position in RBB Bancorp by 285.6% in the third quarter. Barclays PLC now owns 21,477 shares of the company’s stock valued at $495,000 after purchasing an additional 15,907 shares during the period. JPMorgan Chase & Co. raised its position in RBB Bancorp by 572.2% in the third quarter. JPMorgan Chase & Co. now owns 50,264 shares of the company’s stock valued at $1,157,000 after purchasing an additional 42,786 shares during the period. Jane Street Group LLC raised its position in RBB Bancorp by 50.9% in the third quarter. Jane Street Group LLC now owns 27,582 shares of the company’s stock valued at $635,000 after purchasing an additional 9,305 shares during the period. Finally, Empowered Funds LLC raised its position in RBB Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock valued at $1,143,000 after purchasing an additional 2,662 shares during the period. 40.14% of the stock is currently owned by institutional investors and hedge funds.

About RBB Bancorp

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.