Empowered Funds LLC Increases Position in RBB Bancorp (NASDAQ:RBB)

Empowered Funds LLC grew its position in RBB Bancorp (NASDAQ:RBB) by 5.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,760 shares of the company’s stock after purchasing an additional 2,662 shares during the quarter. Empowered Funds LLC owned approximately 0.32% of RBB Bancorp worth $1,143,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in RBB Bancorp in the third quarter valued at approximately $134,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of RBB Bancorp during the 3rd quarter worth approximately $295,000. BNP Paribas Financial Markets boosted its holdings in shares of RBB Bancorp by 13.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock valued at $86,000 after buying an additional 444 shares in the last quarter. State Street Corp lifted its position in RBB Bancorp by 3.8% in the third quarter. State Street Corp now owns 323,727 shares of the company’s stock valued at $7,452,000 after acquiring an additional 11,809 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of RBB Bancorp by 50.9% during the third quarter. Jane Street Group LLC now owns 27,582 shares of the company’s stock worth $635,000 after purchasing an additional 9,305 shares during the last quarter. 40.14% of the stock is owned by hedge funds and other institutional investors.

RBB Bancorp Price Performance

RBB Bancorp stock opened at $17.69 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $20.23 and a 200-day simple moving average of $21.97. RBB Bancorp has a 12 month low of $16.54 and a 12 month high of $25.30. The stock has a market capitalization of $312.94 million, a PE ratio of 12.12 and a beta of 0.97.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. Equities analysts predict that RBB Bancorp will post 1.62 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.64 dividend on an annualized basis and a yield of 3.62%. RBB Bancorp’s payout ratio is currently 43.84%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating for the company in a research report on Friday, February 7th. Stephens lowered their target price on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Piper Sandler decreased their price target 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.

Insider Buying and Selling at RBB Bancorp

In other RBB Bancorp news, EVP Gary Fan sold 12,000 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.63% of the stock is owned by corporate insiders.

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.