RBB Bancorp (RBB) Given $25.50 Consensus Price Target by Analysts
Shares of RBB Bancorp (NASDAQ:RBB) have been assigned an average broker rating score of 1.50 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and one has issued a strong buy rating on the company.
Brokers have set a one year consensus price objective of $25.50 for the company, according to Zacks. Zacks has also assigned RBB Bancorp an industry rank of 113 out of 265 based on the ratings given to related companies.
Several brokerages have issued reports on RBB. Keefe, Bruyette & Woods began coverage on RBB Bancorp in a research note on Monday, August 21st. They issued an “outperform” rating and a $25.00 target price for the company. Sandler O’Neill began coverage on RBB Bancorp in a research note on Monday, August 21st. They issued a “buy” rating and a $25.00 target price for the company. Stephens began coverage on RBB Bancorp in a research note on Tuesday, August 29th. They issued an “overweight” rating for the company. Finally, Zacks Investment Research raised RBB Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Friday, November 17th.
A number of hedge funds have recently made changes to their positions in RBB. Harbor Advisors LLC bought a new stake in RBB Bancorp in the third quarter valued at approximately $229,000. Emerald Mutual Fund Advisers Trust bought a new stake in RBB Bancorp in the third quarter valued at approximately $3,434,000. Pillar Pacific Capital Management LLC bought a new stake in RBB Bancorp in the third quarter valued at approximately $357,000. Boston Partners bought a new stake in RBB Bancorp in the third quarter valued at approximately $3,347,000. Finally, Commonwealth Equity Services Inc bought a new stake in RBB Bancorp in the third quarter valued at approximately $369,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.
Shares of RBB Bancorp (NASDAQ:RBB) traded up $0.07 on Wednesday, reaching $25.26. The company’s stock had a trading volume of 50,329 shares, compared to its average volume of 30,945. The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.20. RBB Bancorp has a 1-year low of $21.26 and a 1-year high of $25.39.
The business also recently disclosed a special dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, October 31st were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, October 30th. RBB Bancorp’s payout ratio is currently 4.97%.
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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