RBB Bancorp (NASDAQ:RBB) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in RBB Bancorp (NASDAQ:RBB) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 697,656 shares of the company’s stock after buying an additional 53,539 shares during the period. Dimensional Fund Advisors LP owned about 3.78% of RBB Bancorp worth $13,122,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of RBB Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 742,411 shares of the company’s stock valued at $13,371,000 after buying an additional 4,464 shares during the period. American Century Companies Inc. increased its position 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 worth $4,674,000 after purchasing an additional 44,670 shares during the last quarter. Rhumbline Advisers raised its holdings in 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 during the period. CWM LLC raised its holdings in RBB Bancorp by 21.7% in the 2nd quarter. CWM LLC now owns 4,594 shares of the company’s stock valued at $86,000 after buying an additional 818 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in RBB Bancorp by 4.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 45,707 shares of the company’s stock valued at $823,000 after buying an additional 2,105 shares during the last quarter. 40.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RBB shares. Piper Sandler increased their price objective on shares of RBB Bancorp from $21.00 to $21.50 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Stephens reaffirmed an “equal weight” rating and set a $20.00 target price on shares of RBB Bancorp in a research note on Tuesday, July 23rd. Finally, Hovde Group reiterated a “market perform” rating and issued a $20.00 price target on shares of RBB Bancorp in a research note on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.88.

RBB Bancorp Stock Up 1.5 %

RBB Bancorp stock opened at $22.51 on Friday. The stock has a market capitalization of $415.08 million, a price-to-earnings ratio of 9.87 and a beta of 0.95. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. RBB Bancorp has a twelve month low of $11.15 and a twelve month high of $24.05. The stock has a 50 day moving average of $22.33 and a two-hundred day moving average of $19.80.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, July 22nd. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. RBB Bancorp had a return on equity of 6.94% and a net margin of 16.38%. The company had revenue of $27.45 million during the quarter, compared to the consensus estimate of $27.39 million. During the same quarter last year, the company earned $0.58 earnings per share. RBB Bancorp’s quarterly revenue was down 20.2% compared to the same quarter last year. As a group, research analysts expect that RBB Bancorp will post 1.6 earnings per share for the current year.

RBB Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Shareholders of record on Wednesday, July 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.64 dividend on an annualized basis and a yield of 2.84%. RBB Bancorp’s dividend payout ratio (DPR) is 28.07%.

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.