RBB Bancorp (NASDAQ:RBB) EVP David Richard Morris sold 9,687 shares of the company’s stock in a transaction dated Friday, April 30th. The shares were sold at an average price of $20.86, for a total transaction of $202,070.82. Following the completion of the sale, the executive vice president now directly owns 23,463 shares in the company, valued at $489,438.18. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
RBB Bancorp stock traded up $1.29 during trading hours on Monday, hitting $22.37. The company had a trading volume of 89,683 shares, compared to its average volume of 45,797. The firm has a market cap of $436.84 million, a PE ratio of 13.89 and a beta of 0.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.13 and a quick ratio of 1.12. RBB Bancorp has a one year low of $10.61 and a one year high of $23.00. The firm has a 50-day moving average of $20.43 and a 200 day moving average of $17.44.
RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings results on Sunday, April 25th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.08. The firm had revenue of $35.38 million for the quarter, compared to analysts’ expectations of $32.10 million. RBB Bancorp had a net margin of 21.28% and a return on equity of 8.03%. As a group, research analysts expect that RBB Bancorp will post 1.59 earnings per share for the current year.
Large investors have recently made changes to their positions in the business. Citigroup Inc. grew its position in shares of RBB Bancorp by 309.0% during the 4th quarter. Citigroup Inc. now owns 3,264 shares of the company’s stock worth $50,000 after purchasing an additional 2,466 shares in the last quarter. Denali Advisors LLC grew its position in shares of RBB Bancorp by 26.4% during the 4th quarter. Denali Advisors LLC now owns 7,810 shares of the company’s stock worth $120,000 after purchasing an additional 1,630 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of RBB Bancorp by 7.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,783 shares of the company’s stock worth $197,000 after purchasing an additional 833 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of RBB Bancorp during the 4th quarter worth approximately $205,000. Finally, Hsbc Holdings PLC grew its position in shares of RBB Bancorp by 15.3% during the 4th quarter. Hsbc Holdings PLC now owns 14,154 shares of the company’s stock worth $223,000 after purchasing an additional 1,881 shares in the last quarter. Hedge funds and other institutional investors own 32.09% of the company’s stock.
A number of brokerages have recently issued reports on RBB. Janney Montgomery Scott raised shares of RBB Bancorp from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Friday. Hovde Group started coverage on shares of RBB Bancorp in a report on Friday, February 26th. They issued an “outperform” rating and a $25.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. RBB Bancorp currently has a consensus rating of “Buy” and a consensus target price of $18.88.
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.
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