RBB Bancorp (NASDAQ:RBB) Earns Equal Weight Rating from Stephens

RBB Bancorp (NASDAQ:RBB)‘s stock had its “equal weight” rating reiterated by stock analysts at Stephens in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $25.00 target price on the stock. Stephens’ target price indicates a potential upside of 33.98% from the company’s current price.

RBB Bancorp Stock Performance

NASDAQ:RBB opened at $18.66 on Tuesday. The firm’s fifty day simple moving average is $21.02 and its 200 day simple moving average is $22.21. 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. The firm has a market capitalization of $330.10 million, a price-to-earnings ratio of 10.09 and a beta of 0.97.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. As a group, equities research analysts expect that RBB Bancorp will post 1.59 earnings per share for the current fiscal year.

Insider Activity at RBB Bancorp

In related news, EVP Gary Fan sold 12,000 shares of the firm’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 legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total transaction of $224,010.00. Following the sale, the chief executive officer now owns 37,722 shares of the company’s stock, 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. 6.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RBB Bancorp

Several institutional investors have recently modified their holdings of RBB. AQR Capital Management LLC acquired a new position in RBB Bancorp during the 2nd quarter worth $244,000. SG Americas Securities LLC bought a new stake in shares of RBB Bancorp during the third quarter valued at about $134,000. Unison Advisors LLC acquired a new stake in RBB Bancorp in the third quarter worth about $704,000. Empowered Funds LLC increased its stake in RBB Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 53,098 shares of the company’s stock valued at $1,222,000 after buying an additional 2,680 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in RBB Bancorp during the 3rd quarter valued at about $295,000. Institutional investors own 40.14% of the company’s stock.

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.