RBB Bancorp (NASDAQ:RBB) Director Peter M. Chang acquired 115,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of $20.00 per share, for a total transaction of $2,300,000.00.
Shares of RBB stock traded up $0.03 during trading hours on Thursday, reaching $20.11. 6,382 shares of the company were exchanged, compared to its average volume of 38,817. RBB Bancorp has a fifty-two week low of $17.03 and a fifty-two week high of $30.28. The stock’s fifty day moving average is $18.68 and its two-hundred day moving average is $19.40. The company has a market cap of $391.75 million, a price-to-earnings ratio of 9.41 and a beta of 1.12. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 1.03.
RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, July 22nd. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.07). RBB Bancorp had a return on equity of 10.64% and a net margin of 25.83%. The company had revenue of $29.81 million for the quarter, compared to analyst estimates of $32.60 million. On average, research analysts anticipate that RBB Bancorp will post 1.92 earnings per share for the current year.
A number of research firms recently weighed in on RBB. Zacks Investment Research raised shares of RBB Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. TheStreet raised shares of RBB Bancorp from a “d+” rating to a “c-” rating in a research note on Monday, June 24th. Finally, BidaskClub raised shares of RBB Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.50.
Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC lifted its holdings in RBB Bancorp by 6.8% in the second quarter. Citadel Advisors LLC now owns 30,038 shares of the company’s stock valued at $581,000 after buying an additional 1,905 shares during the period. Vanguard Group Inc. increased its position in shares of RBB Bancorp by 4.3% during the second quarter. Vanguard Group Inc. now owns 661,013 shares of the company’s stock worth $12,784,000 after acquiring an additional 27,042 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of RBB Bancorp by 435.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,554 shares of the company’s stock worth $30,000 after acquiring an additional 1,264 shares in the last quarter. BlackRock Inc. increased its position in shares of RBB Bancorp by 20.8% during the second quarter. BlackRock Inc. now owns 886,491 shares of the company’s stock worth $17,144,000 after acquiring an additional 152,855 shares in the last quarter. Finally, Northern Trust Corp grew its position in RBB Bancorp by 4.7% in the second quarter. Northern Trust Corp now owns 161,925 shares of the company’s stock valued at $3,132,000 after purchasing an additional 7,271 shares in the last quarter. Institutional investors own 30.99% 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 communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.
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