RBB Bancorp (NASDAQ:RBB) Short Interest Down 28.9% in February

RBB Bancorp (NASDAQ:RBB) was the target of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 78,000 shares, a drop of 28.9% from the January 31st total of 109,700 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 42,700 shares, the short-interest ratio is presently 1.8 days.

RBB Bancorp Price Performance

NASDAQ:RBB remained flat at $17.43 during mid-day trading on Tuesday. 48,220 shares of the company’s stock traded hands, compared to its average volume of 42,854. The company has a market capitalization of $308.39 million, a PE ratio of 11.94 and a beta of 0.97. 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 has a one year low of $16.54 and a one year high of $25.30. The business’s 50-day moving average price is $19.12 and its two-hundred day moving average price is $21.67.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. Analysts anticipate that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st were paid a dividend of $0.16 per share. The ex-dividend date was Friday, January 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.67%. RBB Bancorp’s dividend payout ratio (DPR) is 43.84%.

Insider Buying and Selling

In other RBB Bancorp news, Director James Kao acquired 3,352 shares of the business’s stock in a transaction on Friday, February 21st. The shares were acquired at an average price of $17.31 per share, with a total value of $58,023.12. Following the completion of the transaction, the director now owns 551,863 shares in the company, valued at approximately $9,552,748.53. This trade represents a 0.61 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Gary Fan sold 12,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were 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. In the last ninety days, insiders bought 9,924 shares of company stock valued at $171,398. Insiders own 6.63% of the company’s stock.

Institutional Trading of RBB Bancorp

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RBB. Piper Sandler dropped their price target on RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Stephens lowered their target price on 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. Finally, Keefe, Bruyette & Woods decreased their price target 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.