Stephens Issues Pessimistic Forecast for RBB Bancorp (NASDAQ:RBB) Stock Price

RBB Bancorp (NASDAQ:RBB) had its price objective reduced by investment analysts at Stephens from $25.00 to $23.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens’ target price would suggest a potential upside of 22.73% from the stock’s previous close.

RBB Bancorp Price Performance

RBB opened at $18.74 on Wednesday. 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 stock has a market cap of $331.53 million, a P/E ratio of 10.15 and a beta of 0.97. The business has a fifty day moving average of $21.12 and a 200 day moving average of $22.23. RBB Bancorp has a 52-week low of $16.49 and a 52-week high of $25.30.

RBB Bancorp (NASDAQ:RBB) last released 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 net margin of 14.50% and a return on equity of 5.94%. As a group, sell-side analysts anticipate that RBB Bancorp will post 1.59 EPS for the current year.

Insider Activity

In other RBB Bancorp news, CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total value of $224,010.00. Following the transaction, the chief executive officer now directly owns 37,722 shares in the company, valued at $938,900.58. The trade was a 19.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gary Fan sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.45, for a total transaction of $281,400.00. The disclosure for this sale can be found here. Corporate insiders own 6.63% of the company’s stock.

Institutional Investors Weigh In On RBB Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in RBB. Zacks Investment Management acquired a new stake in shares of RBB Bancorp during the 3rd quarter valued at $1,208,000. JPMorgan Chase & Co. raised its holdings in RBB Bancorp by 572.2% in the third quarter. JPMorgan Chase & Co. now owns 50,264 shares of the company’s stock worth $1,157,000 after purchasing an additional 42,786 shares in the last quarter. Unison Advisors LLC bought a new position in RBB Bancorp during the 3rd quarter valued at about $704,000. Barclays PLC boosted its stake in shares of RBB Bancorp by 285.6% in the third quarter. Barclays PLC now owns 21,477 shares of the company’s stock worth $495,000 after acquiring an additional 15,907 shares during the period. Finally, AQR Capital Management LLC bought a new stake in RBB Bancorp in the second quarter worth $244,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

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.