Hotchkis & Wiley Capital Management LLC Sells 23,100 Shares of RBB Bancorp (NASDAQ:RBB)

Hotchkis & Wiley Capital Management LLC lowered its stake in RBB Bancorp (NASDAQ:RBB) by 12.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,500 shares of the company’s stock after selling 23,100 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.95% of RBB Bancorp worth $3,879,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of RBB Bancorp by 13.5% in the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after purchasing an additional 444 shares in the last quarter. CWM LLC increased its holdings in RBB Bancorp by 21.7% during the second quarter. CWM LLC now owns 4,594 shares of the company’s stock worth $86,000 after buying an additional 818 shares during the last quarter. SG Americas Securities LLC acquired a new position in RBB Bancorp during the third quarter worth $134,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in RBB Bancorp during the third quarter worth $295,000. Finally, AQR Capital Management LLC acquired a new position in RBB Bancorp during the second quarter worth $244,000. Institutional investors own 40.14% of the company’s stock.

Insider Buying and Selling at RBB Bancorp

In related news, CEO David Richard Morris sold 9,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total value of $224,010.00. Following the transaction, the chief executive officer now directly owns 37,722 shares in the company, valued at approximately $938,900.58. This represents a 19.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.63% of the company’s stock.

RBB Bancorp Price Performance

Shares of RBB opened at $23.89 on Friday. The company has a market cap of $422.61 million, a price-to-earnings ratio of 12.91 and a beta of 0.96. RBB Bancorp has a 1-year low of $16.49 and a 1-year high of $25.30. The company’s fifty day simple moving average is $23.45 and its 200 day simple moving average is $21.54. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. The business had revenue of $60.17 million for the quarter, compared to the consensus estimate of $28.17 million. During the same period in the previous year, the company earned $0.63 earnings per share. On average, research analysts forecast that RBB Bancorp will post 1.58 earnings per share for the current fiscal year.

RBB Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a $0.16 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.64 annualized dividend and a dividend yield of 2.68%. RBB Bancorp’s dividend payout ratio is currently 34.59%.

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.