JPMorgan Chase & Co. Has $1.16 Million Holdings in RBB Bancorp (NASDAQ:RBB)

JPMorgan Chase & Co. increased its position in shares of RBB Bancorp (NASDAQ:RBB) by 572.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,264 shares of the company’s stock after purchasing an additional 42,786 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of RBB Bancorp worth $1,157,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Rhumbline Advisers raised its position in shares of RBB Bancorp by 3.9% in the 2nd 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. Dimensional Fund Advisors LP increased its stake in RBB Bancorp by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 697,656 shares of the company’s stock valued at $13,122,000 after acquiring an additional 53,539 shares during the last quarter. AQR Capital Management LLC acquired a new position in RBB Bancorp during the second quarter valued at approximately $244,000. SG Americas Securities LLC bought a new stake in RBB Bancorp during the third quarter worth $134,000. Finally, Unison Advisors LLC acquired a new stake in shares of RBB Bancorp in the 3rd quarter valued at $704,000. 40.14% of the stock is currently owned by institutional investors and hedge funds.

RBB Bancorp Price Performance

RBB Bancorp stock opened at $19.55 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. RBB Bancorp has a 52 week low of $16.49 and a 52 week high of $25.30. The stock has a market capitalization of $345.84 million, a P/E ratio of 10.57 and a beta of 0.98. The stock has a fifty day moving average of $21.83 and a 200-day moving average of $22.28.

RBB Bancorp Dividend Announcement

The business also recently announced 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 is Friday, January 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.27%. RBB Bancorp’s dividend payout ratio (DPR) is currently 34.59%.

Insider Activity

In other 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 completion of the transaction, the chief executive officer now owns 37,722 shares of the company’s stock, valued at $938,900.58. This represents a 19.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Gary Fan sold 12,000 shares of RBB Bancorp stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.45, for a total transaction of $281,400.00. The disclosure for this sale can be found here. 6.63% of the stock is currently owned by corporate insiders.

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.