David Richard Morris Sells 9,000 Shares of RBB Bancorp (NASDAQ:RBB) Stock

RBB Bancorp (NASDAQ:RBB) CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the transaction, the chief executive officer now owns 37,722 shares of the company’s stock, valued at approximately $938,900.58. The trade was a 19.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

RBB Bancorp Stock Down 1.8 %

RBB stock opened at $24.39 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.09 and a current ratio of 1.11. The stock has a market capitalization of $431.46 million, a PE ratio of 13.18 and a beta of 0.95. RBB Bancorp has a one year low of $14.84 and a one year high of $25.30. The company has a fifty day moving average of $23.12 and a 200-day moving average of $21.00.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, October 21st. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $60.17 million for the quarter, compared to analyst estimates of $28.17 million. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. During the same quarter in the previous year, the company earned $0.63 EPS. As a group, analysts expect that RBB Bancorp will post 1.58 EPS for the current year.

RBB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.64 annualized dividend and a yield of 2.62%. RBB Bancorp’s payout ratio is currently 34.59%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RBB shares. Stephens reaffirmed an “equal weight” rating and set a $20.00 price objective on shares of RBB Bancorp in a research report on Tuesday, July 23rd. Piper Sandler boosted their target price on RBB Bancorp from $21.00 to $21.50 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, RBB Bancorp has an average rating of “Hold” and a consensus target price of $20.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RBB. Vanguard Group Inc. grew its holdings in shares of RBB Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 742,411 shares of the company’s stock worth $13,371,000 after purchasing an additional 4,464 shares during the period. Dimensional Fund Advisors LP boosted its position in RBB Bancorp by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 697,656 shares of the company’s stock valued at $13,122,000 after buying an additional 53,539 shares during the last quarter. State Street Corp increased its holdings in RBB Bancorp by 3.8% during the 3rd quarter. State Street Corp now owns 323,727 shares of the company’s stock worth $7,452,000 after purchasing an additional 11,809 shares during the last quarter. American Century Companies Inc. raised its holdings in RBB Bancorp by 21.9% in the second quarter. American Century Companies Inc. now owns 248,501 shares of the company’s stock valued at $4,674,000 after acquiring an additional 44,670 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of RBB Bancorp by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 86,987 shares of the company’s stock valued at $1,636,000 after acquiring an additional 6,781 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

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.