Geode Capital Management LLC Sells 4,693 Shares of RBB Bancorp (NASDAQ:RBB)

Geode Capital Management LLC trimmed its stake in shares of RBB Bancorp (NASDAQ:RBB) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 349,460 shares of the company’s stock after selling 4,693 shares during the period. Geode Capital Management LLC owned 1.98% of RBB Bancorp worth $8,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of RBB. SG Americas Securities LLC bought a new position in shares of RBB Bancorp during the 3rd quarter valued at approximately $134,000. American Century Companies Inc. lifted its position in RBB Bancorp by 21.9% during the second quarter. American Century Companies Inc. now owns 248,501 shares of the company’s stock valued at $4,674,000 after purchasing an additional 44,670 shares during the last quarter. Unison Advisors LLC purchased a new position in shares of RBB Bancorp in the 3rd quarter worth $704,000. State Street Corp increased its holdings in shares of RBB Bancorp by 3.8% in the 3rd quarter. State Street Corp now owns 323,727 shares of the company’s stock worth $7,452,000 after buying an additional 11,809 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 buying an additional 53,539 shares in the last quarter. 40.14% of the stock is currently owned by institutional investors.

RBB Bancorp Trading Down 1.7 %

RBB opened at $20.15 on Friday. The stock has a 50-day moving average of $23.00 and a 200 day moving average of $22.07. 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 12 month low of $16.49 and a 12 month high of $25.30. The firm has a market cap of $356.51 million, a P/E ratio of 10.89 and a beta of 0.96.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, October 21st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $60.17 million during the quarter, compared to analysts’ expectations of $28.17 million. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. During the same quarter in the previous year, the business earned $0.63 EPS. As a group, research analysts forecast that RBB Bancorp will post 1.58 EPS for the current year.

RBB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders 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 yield of 3.18%. The ex-dividend date was Thursday, October 31st. RBB Bancorp’s dividend payout ratio (DPR) is 34.59%.

Insider Activity

In other news, EVP Gary Fan sold 12,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.45, for a total value of $281,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Richard Morris sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the completion of the transaction, the chief executive officer now directly owns 37,722 shares in the company, valued at $938,900.58. This represents a 19.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 6.63% of the company’s stock.

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.