RBB Bancorp (NASDAQ:RBB) EVP Sells $202,070.82 in Stock

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.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Friday, May 7th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, May 6th. This is a positive change from RBB Bancorp’s previous quarterly dividend of $0.12. RBB Bancorp’s dividend payout ratio is presently 24.62%.

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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