RBB Bancorp (NASDAQ:RBB) Price Target Lowered to $20.00 at Piper Sandler

RBB Bancorp (NASDAQ:RBBGet Free Report) had its price target dropped by equities researchers at Piper Sandler from $23.00 to $20.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 6.41% from the stock’s current price.

Separately, Stephens cut their target price on RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday.

Read Our Latest Research Report on RBB

RBB Bancorp Trading Up 1.3 %

RBB traded up $0.25 during trading hours on Wednesday, reaching $18.80. 10,287 shares of the company’s stock traded hands, compared to its average volume of 51,813. The firm has a market capitalization of $332.50 million, a PE ratio of 10.16 and a beta of 0.97. RBB Bancorp has a 52-week low of $16.49 and a 52-week 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 50-day moving average price of $21.12 and a 200 day moving average price of $22.23.

RBB Bancorp (NASDAQ:RBBGet Free Report) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. As a group, sell-side analysts predict 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total value of $224,010.00. Following the sale, the chief executive officer now owns 37,722 shares of the company’s stock, valued at approximately $938,900.58. The trade was 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.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RBB. R Squared Ltd bought a new position in shares of RBB Bancorp during the 4th quarter worth approximately $29,000. BNP Paribas Financial Markets boosted its position in RBB Bancorp by 13.5% during 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 acquired a new position in shares of RBB Bancorp in the third quarter valued at $134,000. AQR Capital Management LLC bought a new position in shares of RBB Bancorp in the second quarter valued at about $244,000. Finally, Franklin Resources Inc. bought a new position in shares of RBB Bancorp in the third quarter valued at about $252,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

About RBB Bancorp

(Get Free Report)

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.

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