RBB Bancorp (NASDAQ:RBB) Director Buys $102,750.40 in Stock

RBB Bancorp (NASDAQ:RBB) Director James Kao bought 5,960 shares of RBB Bancorp stock in a transaction on Monday, February 24th. The stock was acquired 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 directly owns 557,823 shares of the company’s stock, valued at approximately $9,616,868.52. The trade was a 1.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

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

RBB Bancorp Stock Performance

NASDAQ:RBB traded up $0.36 during midday trading on Tuesday, reaching $17.46. The stock had a trading volume of 39,933 shares, compared to its average volume of 45,906. The stock has a market capitalization of $308.92 million, a P/E ratio of 11.96 and a beta of 0.97. RBB Bancorp has a 1-year low of $16.54 and a 1-year high of $25.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day simple moving average is $19.42 and its 200-day simple moving average is $21.78.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. On average, equities research analysts forecast that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders 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 (DPR) is currently 43.84%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Franklin Resources Inc. bought a new position in RBB Bancorp during the third quarter worth $252,000. Barclays PLC grew its position in RBB Bancorp by 285.6% in the 3rd quarter. Barclays PLC now owns 21,477 shares of the company’s stock worth $495,000 after purchasing an additional 15,907 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of RBB Bancorp by 572.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,264 shares of the company’s stock worth $1,157,000 after purchasing an additional 42,786 shares during the period. Jane Street Group LLC raised its position in shares of RBB Bancorp by 50.9% during the third quarter. Jane Street Group LLC now owns 27,582 shares of the company’s stock valued at $635,000 after buying an additional 9,305 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of RBB Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock valued at $1,143,000 after buying an additional 2,662 shares during the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on RBB shares. Stephens lowered their target price on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler decreased their price target on RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods lowered their price objective 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.

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.