Franklin Resources Inc. Buys Shares of 10,690 RBB Bancorp (NASDAQ:RBB)

Franklin Resources Inc. purchased a new position in shares of RBB Bancorp (NASDAQ:RBB) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 10,690 shares of the company’s stock, valued at approximately $252,000. Franklin Resources Inc. owned approximately 0.06% of RBB Bancorp at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new stake in RBB Bancorp during the third quarter valued at about $134,000. American Century Companies Inc. increased its stake in shares of RBB Bancorp by 21.9% in the second 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 period. Unison Advisors LLC acquired a new position in shares of RBB Bancorp during the 3rd quarter worth about $704,000. State Street Corp boosted its stake in RBB Bancorp by 3.8% during the 3rd quarter. State Street Corp now owns 323,727 shares of the company’s stock valued at $7,452,000 after purchasing an additional 11,809 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in RBB Bancorp by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 697,656 shares of the company’s stock valued at $13,122,000 after purchasing an additional 53,539 shares during the period. 40.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at RBB Bancorp

In other RBB Bancorp news, CEO David Richard Morris sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total value of $224,010.00. Following the completion of the sale, the chief executive officer now owns 37,722 shares in the company, valued at approximately $938,900.58. This trade represents a 19.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gary Fan sold 12,000 shares of the company’s 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. 6.63% of the stock is currently owned by insiders.

RBB Bancorp Stock Down 1.3 %

Shares of RBB stock opened at $20.49 on Thursday. RBB Bancorp has a 12 month low of $16.49 and a 12 month high of $25.30. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The firm has a market cap of $362.53 million, a PE ratio of 11.08 and a beta of 0.96. The stock has a 50 day moving average of $23.05 and a 200-day moving average of $22.09.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. The firm had revenue of $60.17 million for the quarter, compared to analyst estimates of $28.17 million. During the same period in the previous year, the company posted $0.63 earnings per share. On average, equities analysts predict that RBB Bancorp will post 1.58 EPS for the current year.

RBB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Thursday, October 31st. RBB Bancorp’s dividend payout ratio (DPR) is currently 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.