Barclays PLC Boosts Stake in RBB Bancorp (NASDAQ:RBB)

Barclays PLC raised its stake in shares of RBB Bancorp (NASDAQ:RBB) by 285.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,477 shares of the company’s stock after acquiring an additional 15,907 shares during the period. Barclays PLC owned approximately 0.12% of RBB Bancorp worth $495,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RBB. Bank of New York Mellon Corp increased its stake in RBB Bancorp by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 86,987 shares of the company’s stock valued at $1,636,000 after purchasing an additional 6,781 shares during the last quarter. Rhumbline Advisers grew its stake in shares of RBB Bancorp by 3.9% in the second quarter. Rhumbline Advisers now owns 25,076 shares of the company’s stock valued at $472,000 after buying an additional 932 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of RBB Bancorp by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 248,501 shares of the company’s stock valued at $4,674,000 after buying an additional 44,670 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of RBB Bancorp by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 697,656 shares of the company’s stock worth $13,122,000 after purchasing an additional 53,539 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of RBB Bancorp during the second quarter valued at about $244,000. Hedge funds and other institutional investors own 40.14% of the company’s stock.

RBB Bancorp Stock Down 1.7 %

RBB stock opened at $20.15 on Friday. The company has a market capitalization of $356.51 million, a P/E ratio of 10.89 and a beta of 0.96. The firm has a 50 day simple moving average of $23.00 and a 200-day simple moving average of $22.07. 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 posted its earnings results on Monday, October 21st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. The firm had revenue of $60.17 million for the quarter, compared to analysts’ expectations of $28.17 million. During the same period last year, the firm earned $0.63 EPS. On average, equities research analysts predict that RBB Bancorp will post 1.58 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The business also recently declared 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 of this dividend was Thursday, October 31st. This represents a $0.64 annualized dividend and a yield of 3.18%. RBB Bancorp’s dividend payout ratio (DPR) is presently 34.59%.

Insider Buying and Selling

In other news, EVP Gary Fan sold 12,000 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.45, for a total transaction of $281,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction dated 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. The trade was a 19.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.