RBB Bancorp (NASDAQ:RBB) Shares Acquired by State Street Corp

State Street Corp lifted its position in RBB Bancorp (NASDAQ:RBB) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,727 shares of the company’s stock after acquiring an additional 11,809 shares during the period. State Street Corp owned 1.83% of RBB Bancorp worth $7,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of RBB. BNP Paribas Financial Markets boosted its holdings in RBB Bancorp by 13.5% in the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock valued at $86,000 after purchasing an additional 444 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of RBB Bancorp in the 3rd quarter valued at $134,000. AQR Capital Management LLC purchased a new position in RBB Bancorp in the second quarter valued at $244,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of RBB Bancorp in the third quarter worth about $295,000. Finally, Rhumbline Advisers boosted its stake in shares of RBB Bancorp by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 25,076 shares of the company’s stock worth $472,000 after acquiring an additional 932 shares in the last quarter. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

RBB Bancorp Stock Performance

NASDAQ RBB opened at $20.79 on Friday. The stock has a market capitalization of $367.84 million, a price-to-earnings ratio of 11.24 and a beta of 0.96. The stock has a 50-day moving average of $23.26 and a 200 day moving average of $21.96. 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 twelve month low of $16.49 and a twelve month high of $25.30.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, October 21st. The company reported $0.39 EPS 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 during the quarter, compared to analysts’ expectations of $28.17 million. During the same quarter in the previous year, the company earned $0.63 earnings per share. Sell-side analysts anticipate that RBB Bancorp will post 1.58 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.08%. RBB Bancorp’s payout ratio is currently 34.59%.

Insider Activity

In other news, EVP Gary Fan sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.45, for a total value of $281,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Richard Morris sold 9,000 shares of RBB Bancorp stock in a transaction that occurred 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 in the company, valued at approximately $938,900.58. The trade was a 19.26 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 6.63% of the company’s stock.

RBB Bancorp 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.