RBB Bancorp (NASDAQ:RBB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of RBB Bancorp (NASDAQ:RBB) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other research analysts have also recently commented on the company. Piper Sandler raised their target price on RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RBB Bancorp in a report on Friday, October 31st. Keefe, Bruyette & Woods lifted their target price on shares of RBB Bancorp from $21.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research raised shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, RBB Bancorp has an average rating of “Hold” and an average price target of $22.33.

RBB Bancorp Stock Down 0.3%

NASDAQ RBB opened at $21.63 on Friday. RBB Bancorp has a twelve month low of $14.40 and a twelve month high of $22.58. The stock has a market cap of $368.79 million, a PE ratio of 14.52 and a beta of 1.08. The firm has a 50-day simple moving average of $19.79 and a 200 day simple moving average of $19.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.05 and a current ratio of 1.05.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, October 20th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.41 by $0.18. RBB Bancorp had a return on equity of 5.10% and a net margin of 11.12%.The firm had revenue of $32.57 million during the quarter, compared to analysts’ expectations of $31.72 million. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, research analysts forecast that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Friday, October 31st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, October 31st. RBB Bancorp’s payout ratio is 42.95%.

Hedge Funds Weigh In On RBB Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBB. BNP Paribas Financial Markets boosted its stake in shares of RBB Bancorp by 84.9% during the second quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock valued at $31,000 after purchasing an additional 835 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of RBB Bancorp by 235.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,105 shares of the company’s stock worth $53,000 after acquiring an additional 2,178 shares in the last quarter. CWM LLC boosted its position in shares of RBB Bancorp by 95.8% during the 3rd quarter. CWM LLC now owns 5,942 shares of the company’s stock valued at $111,000 after purchasing an additional 2,908 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in RBB Bancorp by 17.9% during the third quarter. Public Employees Retirement System of Ohio now owns 6,593 shares of the company’s stock worth $124,000 after purchasing an additional 1,000 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in RBB Bancorp by 850.8% in the third quarter. Russell Investments Group Ltd. now owns 10,012 shares of the company’s stock worth $188,000 after purchasing an additional 8,959 shares in the last quarter. 40.14% of the stock is owned by institutional investors and hedge funds.

About RBB Bancorp

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.