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

Barclays PLC grew its holdings in RBB Bancorp (NASDAQ:RBB) by 285.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 21,477 shares of the company’s stock after buying an additional 15,907 shares during the period. Barclays PLC owned 0.12% of RBB Bancorp worth $495,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. BNP Paribas Financial Markets increased 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 valued at $86,000 after buying an additional 444 shares during the period. SG Americas Securities LLC purchased a new stake in shares of RBB Bancorp in the third quarter valued at about $134,000. AQR Capital Management LLC acquired a new position in shares of RBB Bancorp during the second quarter worth about $244,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in RBB Bancorp during the third quarter worth about $295,000. Finally, Rhumbline Advisers raised its holdings in RBB Bancorp by 3.9% during the second quarter. Rhumbline Advisers now owns 25,076 shares of the company’s stock worth $472,000 after purchasing an additional 932 shares in the last quarter. 40.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RBB Bancorp

In related news, CEO David Richard Morris sold 9,000 shares of the company’s 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 sale, the chief executive officer now owns 37,722 shares in the company, valued at $938,900.58. This represents a 19.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Gary Fan sold 12,000 shares of RBB Bancorp stock in a transaction on Friday, December 6th. The stock was 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. Company insiders own 6.63% of the company’s stock.

RBB Bancorp Price Performance

Shares of RBB opened at $20.09 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average is $22.29 and its two-hundred day moving average is $22.23. RBB Bancorp has a twelve month low of $16.49 and a twelve month high of $25.30. The firm has a market capitalization of $355.45 million, a PE ratio of 10.86 and a beta of 0.98.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $60.17 million for the quarter, compared to the consensus estimate of $28.17 million. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. During the same period in the previous year, the business earned $0.63 earnings per share. Research analysts anticipate that RBB Bancorp will post 1.57 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.19%. RBB Bancorp’s dividend payout ratio is presently 34.59%.

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.