RBB Bancorp (NASDAQ:RBB) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of RBB Bancorp (NASDAQ:RBB) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,554 shares of the company’s stock after purchasing an additional 1,508 shares during the period. Rhumbline Advisers owned about 0.15% of RBB Bancorp worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RBB. Empowered Funds LLC increased its holdings in RBB Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock valued at $1,143,000 after buying an additional 2,662 shares in the last quarter. R Squared Ltd purchased a new position in RBB Bancorp in the fourth quarter valued at $29,000. SG Americas Securities LLC increased its holdings in RBB Bancorp by 20.0% in the fourth quarter. SG Americas Securities LLC now owns 6,992 shares of the company’s stock valued at $143,000 after buying an additional 1,167 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in RBB Bancorp by 572.2% in the third quarter. JPMorgan Chase & Co. now owns 50,264 shares of the company’s stock valued at $1,157,000 after buying an additional 42,786 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in RBB Bancorp in the third quarter valued at $252,000. 40.14% of the stock is currently owned by institutional investors and hedge funds.

RBB Bancorp Stock Down 0.2 %

Shares of NASDAQ RBB opened at $17.40 on Friday. RBB Bancorp has a 12-month low of $16.54 and a 12-month high of $25.30. The stock has a market cap of $307.86 million, a PE ratio of 11.92 and a beta of 0.95. 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 company has a 50-day moving average of $18.83 and a 200 day moving average of $21.55.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. As a group, sell-side analysts predict that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.64 annualized dividend and a yield of 3.68%. RBB Bancorp’s payout ratio is 43.84%.

Insider Buying and Selling at RBB Bancorp

In related news, Director James Kao acquired 3,352 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of $17.31 per share, for a total transaction of $58,023.12. Following the acquisition, the director now owns 551,863 shares in the company, valued at $9,552,748.53. The trade was a 0.61 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought 9,924 shares of company stock worth $171,398 in the last ninety days. 6.63% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on RBB. Stephens cut their target price on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods cut their target price on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Finally, Piper Sandler cut their target price on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th.

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.