RBB Bancorp’s (RBB) Equal Weight Rating Reiterated at Stephens

RBB Bancorp (NASDAQ:RBB)‘s stock had its “equal weight” rating reaffirmed by Stephens in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $25.00 price target on the stock. Stephens’ price objective points to a potential upside of 39.59% from the company’s current price.

RBB Bancorp Stock Down 4.8 %

NASDAQ:RBB opened at $17.91 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. RBB Bancorp has a one year low of $16.49 and a one year high of $25.30. The company has a market cap of $316.81 million, a PE ratio of 9.69 and a beta of 0.97. The firm’s 50 day simple moving average is $21.23 and its 200 day simple moving average is $22.26.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, February 3rd. The company reported $0.25 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%. On average, research analysts anticipate that RBB Bancorp will post 1.59 earnings per share for the current year.

Insider Activity

In related news, EVP Gary Fan sold 12,000 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.45, for a total transaction of $281,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total value 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 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. Insiders own 6.63% of the company’s stock.

Institutional Investors Weigh In On RBB Bancorp

A number of large investors have recently bought and sold shares of RBB. Franklin Resources Inc. bought a new stake in shares of RBB Bancorp during the third quarter worth about $252,000. Barclays PLC boosted its stake in shares of RBB Bancorp by 285.6% in the 3rd quarter. Barclays PLC now owns 21,477 shares of the company’s stock worth $495,000 after buying an additional 15,907 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of RBB Bancorp in the 3rd quarter worth approximately $134,000. JPMorgan Chase & Co. grew its holdings in shares of RBB Bancorp by 572.2% in the third quarter. JPMorgan Chase & Co. now owns 50,264 shares of the company’s stock valued at $1,157,000 after acquiring an additional 42,786 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in 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 acquiring an additional 9,305 shares during the period. 40.14% of the stock is currently owned by institutional investors and hedge funds.

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.