John G Ullman & Associates Inc. Reduces Holdings in RBB Bancorp (NASDAQ:RBB)

John G Ullman & Associates Inc. trimmed its holdings in shares of RBB Bancorp (NASDAQ:RBB) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,850 shares of the company’s stock after selling 5,000 shares during the period. John G Ullman & Associates Inc. owned about 0.24% of RBB Bancorp worth $858,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RBB. R Squared Ltd purchased a new stake in RBB Bancorp in the 4th quarter worth approximately $29,000. BNP Paribas Financial Markets grew 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 acquiring an additional 444 shares during the period. SG Americas Securities LLC grew its stake in RBB Bancorp by 20.0% in the 4th quarter. SG Americas Securities LLC now owns 6,992 shares of the company’s stock worth $143,000 after acquiring an additional 1,167 shares during the period. Franklin Resources Inc. purchased a new stake in RBB Bancorp in the 3rd quarter worth approximately $252,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in RBB Bancorp in the 3rd quarter worth approximately $295,000. 40.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RBB Bancorp

In related news, EVP Gary Fan sold 12,000 shares of RBB Bancorp stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.45, for a total transaction of $281,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James Kao bought 3,352 shares of RBB Bancorp stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of $17.31 per share, for a total transaction of $58,023.12. Following the acquisition, the director now directly owns 551,863 shares in the company, valued at approximately $9,552,748.53. This represents a 0.61 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.63% of the company’s stock.

RBB Bancorp Stock Up 1.2 %

Shares of NASDAQ RBB opened at $17.71 on Friday. RBB Bancorp has a 52-week low of $16.54 and a 52-week high of $25.30. The firm has a fifty day moving average of $19.19 and a 200-day moving average of $21.70. The stock has a market capitalization of $313.34 million, a PE ratio of 12.13 and a beta of 0.97. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, February 3rd. The company reported $0.25 earnings per share 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, analysts anticipate that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were issued a dividend of $0.16 per share. The ex-dividend date was Friday, January 31st. This represents a $0.64 annualized dividend and a dividend yield of 3.61%. RBB Bancorp’s payout ratio is 43.84%.

Analyst Ratings Changes

RBB has been the subject of several recent analyst reports. Piper Sandler lowered their target price on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods lowered their price objective on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Finally, Stephens lowered their price objective on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th.

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.