Stephens Reiterates “Equal Weight” Rating for RBB Bancorp (NASDAQ:RBB)

Stephens reaffirmed their equal weight rating on shares of RBB Bancorp (NASDAQ:RBB) in a research report report published on Tuesday, Benzinga reports. Stephens currently has a $20.00 price objective on the stock.

Several other research analysts have also commented on the stock. Piper Sandler restated a neutral rating and set a $21.00 price target (up previously from $19.00) on shares of RBB Bancorp in a research note on Thursday, July 18th. Keefe, Bruyette & Woods restated a market perform rating and issued a $22.00 target price (up from $20.00) on shares of RBB Bancorp in a report on Thursday, April 25th. Finally, Hovde Group reaffirmed a market perform rating and issued a $20.00 price target on shares of RBB Bancorp in a research report on Monday, July 15th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $20.88.

RBB Bancorp Trading Up 1.0 %

RBB Bancorp stock opened at $23.42 on Tuesday. RBB Bancorp has a 12 month low of $11.15 and a 12 month high of $23.70. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.55. The stock has a market cap of $431.86 million, a P/E ratio of 10.26 and a beta of 0.97. The company’s fifty day simple moving average is $18.86 and its 200-day simple moving average is $18.12.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, July 22nd. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. RBB Bancorp had a return on equity of 6.95% and a net margin of 16.38%. The company had revenue of $27.45 million for the quarter, compared to analyst estimates of $27.39 million. During the same period in the prior year, the firm posted $0.58 EPS. The business’s revenue was down 20.2% compared to the same quarter last year. As a group, sell-side analysts forecast that RBB Bancorp will post 1.5 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Wednesday, July 31st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.64 annualized dividend and a dividend yield of 2.73%. RBB Bancorp’s dividend payout ratio (DPR) is presently 28.07%.

Insider Activity at RBB Bancorp

In other news, Director James Kao bought 7,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average price of $17.08 per share, for a total transaction of $119,560.00. Following the transaction, the director now directly owns 548,511 shares of the company’s stock, valued at approximately $9,368,567.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.63% of the stock is owned by insiders.

Institutional Investors Weigh In On RBB Bancorp

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in RBB Bancorp during the 4th quarter worth about $177,000. Bank of New York Mellon Corp lifted its position in shares of RBB Bancorp by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 86,987 shares of the company’s stock worth $1,636,000 after purchasing an additional 6,781 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of RBB Bancorp by 101.4% in the fourth quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock valued at $170,000 after purchasing an additional 4,503 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of RBB Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 742,411 shares of the company’s stock valued at $13,371,000 after purchasing an additional 4,464 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in RBB Bancorp by 89.6% during the 1st quarter. BNP Paribas Financial Markets now owns 8,236 shares of the company’s stock worth $148,000 after buying an additional 3,892 shares in the last quarter. 40.14% of the stock is currently owned by 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.