Stephens Has Lowered Expectations for RBB Bancorp (NASDAQ:RBB) Stock Price

RBB Bancorp (NASDAQ:RBB) had its price objective dropped by equities research analysts at Stephens from $25.00 to $23.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Stephens’ target price suggests a potential upside of 21.44% from the stock’s previous close.

RBB Bancorp Stock Up 1.5 %

Shares of NASDAQ:RBB opened at $18.94 on Wednesday. RBB Bancorp has a 52-week low of $16.49 and a 52-week high of $25.30. The firm has a fifty day moving average of $20.92 and a 200 day moving average of $22.19. The firm has a market capitalization of $335.05 million, a PE ratio of 10.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results 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 return on equity of 5.94% and a net margin of 14.50%. As a group, research analysts anticipate that RBB Bancorp will post 1.59 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction of $281,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Richard Morris sold 9,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total transaction of $224,010.00. Following the transaction, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at approximately $938,900.58. This trade represents a 19.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RBB Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. R Squared Ltd bought a new position in RBB Bancorp in the fourth quarter worth about $29,000. BNP Paribas Financial Markets grew its holdings in RBB Bancorp by 13.5% in the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after purchasing an additional 444 shares during the period. SG Americas Securities LLC purchased a new stake in RBB Bancorp in the third quarter worth about $134,000. Franklin Resources Inc. purchased a new stake in RBB Bancorp in the third quarter worth about $252,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in RBB Bancorp in the third quarter worth about $295,000. 40.14% of the stock is owned by institutional investors.

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.