RBB Bancorp (NASDAQ:RBB) Earns “Equal Weight” Rating from Stephens

RBB Bancorp (NASDAQ:RBB)‘s stock had its “equal weight” rating reiterated by equities research analysts at Stephens in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $25.00 price objective on the stock. Stephens’ price objective suggests a potential upside of 39.59% from the stock’s previous close.

RBB Bancorp Stock Performance

Shares of RBB stock opened at $17.91 on Tuesday. The firm’s 50 day moving average is $21.23 and its 200 day moving average is $22.26. The stock has a market capitalization of $316.81 million, a P/E ratio of 9.69 and a beta of 0.97. RBB Bancorp has a 12 month low of $16.49 and a 12 month high of $25.30. 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, February 3rd. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. On average, sell-side analysts anticipate that RBB Bancorp will post 1.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO David Richard Morris sold 9,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total value of $224,010.00. Following the transaction, the chief executive officer now owns 37,722 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary Fan sold 12,000 shares of RBB Bancorp stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.45, for a total value of $281,400.00. The disclosure for this sale can be found here. Corporate insiders own 6.63% of the company’s stock.

Hedge Funds Weigh In On RBB Bancorp

A number of large investors have recently modified their holdings of RBB. R Squared Ltd bought a new stake in RBB Bancorp in the fourth quarter worth $29,000. BNP Paribas Financial Markets increased its stake in RBB Bancorp by 13.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after purchasing an additional 444 shares during the period. SG Americas Securities LLC bought a new stake in RBB Bancorp in the 3rd quarter worth $134,000. AQR Capital Management LLC purchased a new stake in shares of RBB Bancorp in the 2nd quarter worth about $244,000. Finally, Franklin Resources Inc. bought a new position in shares of RBB Bancorp in the 3rd quarter worth approximately $252,000. 40.14% of the stock is owned by hedge funds and other institutional investors.

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.