RBB Bancorp (NASDAQ:RBB) Director James Kao Purchases 3,352 Shares

RBB Bancorp (NASDAQ:RBB) Director James Kao bought 3,352 shares of RBB Bancorp stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of $17.31 per share, with a total value of $58,023.12. Following the purchase, the director now directly owns 551,863 shares in the company, valued at approximately $9,552,748.53. This trade represents a 0.61 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

James Kao also recently made the following trade(s):

• On Monday, February 24th, James Kao bought 5,960 shares of RBB Bancorp stock. The stock was purchased at an average price of $17.24 per share, with a total value of $102,750.40.

RBB Bancorp Stock Performance

Shares of RBB opened at $17.46 on Wednesday. The company has a 50-day simple moving average of $19.42 and a 200-day simple moving average of $21.78. 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 company has a market capitalization of $308.92 million, a PE ratio of 11.96 and a beta of 0.97. RBB Bancorp has a 52-week low of $16.54 and a 52-week high of $25.30.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, February 3rd. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. Equities research analysts predict that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend was Friday, January 31st. RBB Bancorp’s payout ratio is currently 43.84%.

Wall Street Analyst Weigh In

Several analysts have recently commented on RBB shares. Keefe, Bruyette & Woods reduced their target price on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Stephens cut their price target on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Finally, Piper Sandler cut their price target on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th.

Hedge Funds Weigh In On RBB Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised 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 acquiring an additional 444 shares during the last quarter. Tower Research Capital LLC TRC raised its position in RBB Bancorp by 195.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company’s stock worth $36,000 after acquiring an additional 1,149 shares during the last quarter. SG Americas Securities LLC raised its position in shares of RBB Bancorp by 20.0% in the fourth quarter. SG Americas Securities LLC now owns 6,992 shares of the company’s stock valued at $143,000 after buying an additional 1,167 shares during the last quarter. MetLife Investment Management LLC raised its position in shares of RBB Bancorp by 14.9% in the fourth quarter. MetLife Investment Management LLC now owns 10,315 shares of the company’s stock valued at $211,000 after buying an additional 1,336 shares during the last quarter. Finally, R Squared Ltd acquired a new position in shares of RBB Bancorp in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

RBB Bancorp Company 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.