Gary Fan Sells 12,000 Shares of RBB Bancorp (NASDAQ:RBB) Stock

RBB Bancorp (NASDAQ:RBB) EVP Gary Fan sold 12,000 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.45, for a total transaction of $281,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

RBB Bancorp Stock Performance

RBB opened at $23.41 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a fifty day moving average price of $23.50 and a 200 day moving average price of $21.68. RBB Bancorp has a 1 year low of $16.49 and a 1 year high of $25.30. The stock has a market cap of $414.19 million, a P/E ratio of 12.65 and a beta of 0.96.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, October 21st. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $60.17 million during the quarter, compared to analysts’ expectations of $28.17 million. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. During the same period in the previous year, the business posted $0.63 EPS. Equities research analysts anticipate that RBB Bancorp will post 1.58 earnings per share for the current year.

RBB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, October 31st. RBB Bancorp’s payout ratio is presently 34.59%.

Institutional Investors Weigh In On RBB Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBB. Dimensional Fund Advisors LP increased its holdings in RBB Bancorp by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 697,656 shares of the company’s stock worth $13,122,000 after acquiring an additional 53,539 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of RBB Bancorp during the third quarter worth $1,208,000. American Century Companies Inc. grew its holdings in shares of RBB Bancorp by 21.9% during the second quarter. American Century Companies Inc. now owns 248,501 shares of the company’s stock worth $4,674,000 after buying an additional 44,670 shares in the last quarter. Unison Advisors LLC purchased a new stake in shares of RBB Bancorp during the third quarter worth $704,000. Finally, Barclays PLC grew its holdings in shares of RBB Bancorp by 285.6% during the third quarter. Barclays PLC now owns 21,477 shares of the company’s stock worth $495,000 after buying an additional 15,907 shares in the last quarter. Hedge funds and other institutional investors own 40.14% 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, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.