RBB Bancorp (RBB) Receives Consensus Rating of “Buy” from Brokerages
Shares of RBB Bancorp (NASDAQ:RBB) have earned an average broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and one has assigned a strong buy rating to the company.
Brokers have set a one year consensus price target of $27.50 for the company, according to Zacks. Zacks has also assigned RBB Bancorp an industry rank of 13 out of 265 based on the ratings given to related companies.
Several brokerages have recently weighed in on RBB. Zacks Investment Research upgraded RBB Bancorp from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a report on Saturday, January 13th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price objective on shares of RBB Bancorp in a report on Friday, December 22nd.
Shares of RBB Bancorp (NASDAQ RBB) traded down $0.09 during midday trading on Monday, hitting $26.86. The stock had a trading volume of 32,598 shares, compared to its average volume of 31,700. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.12 and a quick ratio of 1.03. RBB Bancorp has a 12 month low of $21.26 and a 12 month high of $27.55.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, January 30th.
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About RBB Bancorp
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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