FIG Partners reaffirmed their outperform rating on shares of RBB Bancorp (NASDAQ:RBB) in a research report released on Friday, Zacks.com reports.

Several other equities research analysts have also recently issued reports on RBB. Zacks Investment Research upgraded shares of RBB Bancorp from a sell rating to a hold rating in a research report on Tuesday, December 25th. ValuEngine cut shares of RBB Bancorp from a hold rating to a sell rating in a research report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $31.33.

RBB Bancorp stock opened at $19.11 on Friday. RBB Bancorp has a 12-month low of $17.03 and a 12-month high of $33.62. The stock has a market cap of $391.44 million, a P/E ratio of 8.97 and a beta of 1.24. The company has a quick ratio of 1.06, a current ratio of 1.27 and a debt-to-equity ratio of 1.16.

RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings data on Monday, January 28th. The company reported $0.47 earnings per share (EPS) for the quarter. RBB Bancorp had a net margin of 31.77% and a return on equity of 11.78%. The firm had revenue of $31.07 million during the quarter. As a group, equities research analysts predict that RBB Bancorp will post 2.17 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cox Capital Mgt LLC increased its position in shares of RBB Bancorp by 9.7% during the fourth quarter. Cox Capital Mgt LLC now owns 11,805 shares of the company’s stock valued at $215,000 after acquiring an additional 1,047 shares during the last quarter. Boston Partners increased its position in shares of RBB Bancorp by 1.8% during the fourth quarter. Boston Partners now owns 123,523 shares of the company’s stock valued at $2,170,000 after acquiring an additional 2,242 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of RBB Bancorp by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,745 shares of the company’s stock valued at $83,000 after acquiring an additional 3,706 shares during the last quarter. Bank of America Corp DE increased its position in shares of RBB Bancorp by 87.4% during the fourth quarter. Bank of America Corp DE now owns 9,647 shares of the company’s stock valued at $170,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of RBB Bancorp by 9.1% during the third quarter. Bank of New York Mellon Corp now owns 58,569 shares of the company’s stock valued at $1,435,000 after acquiring an additional 4,861 shares during the last quarter. Institutional investors and hedge funds own 29.77% of the company’s stock.

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 communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.

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