RBB Bancorp (NASDAQ:RBB) has earned a consensus broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a twelve-month consensus price objective of $27.50 for the company, according to Zacks. Zacks has also given RBB Bancorp an industry rank of 95 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently issued reports on RBB shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $30.00 price objective on shares of RBB Bancorp in a research report on Friday, December 22nd. Zacks Investment Research downgraded RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBB. California State Teachers Retirement System purchased a new stake in RBB Bancorp during the third quarter valued at about $140,000. TIAA CREF Investment Management LLC purchased a new stake in RBB Bancorp during the fourth quarter valued at about $162,000. Teachers Advisors LLC raised its position in RBB Bancorp by 49.7% during the fourth quarter. Teachers Advisors LLC now owns 6,576 shares of the company’s stock valued at $180,000 after purchasing an additional 2,182 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in RBB Bancorp during the fourth quarter valued at about $203,000. Finally, Spark Investment Management LLC purchased a new stake in RBB Bancorp during the fourth quarter valued at about $216,000. Institutional investors and hedge funds own 24.56% of the company’s stock.
Shares of RBB Bancorp stock remained flat at $$27.85 during trading hours on Thursday. The stock had a trading volume of 37,770 shares, compared to its average volume of 55,050. RBB Bancorp has a 52-week low of $21.26 and a 52-week high of $28.72. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $459.35 and a price-to-earnings ratio of 15.30.
RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, January 22nd. The company reported $0.43 EPS for the quarter. The company had revenue of $21.69 million during the quarter. research analysts forecast that RBB Bancorp will post 2 earnings per share for the current year.
RBB Bancorp Company Profile
RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank.
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