RBB Bancorp (NASDAQ:RBB) Receives $22.33 Consensus PT from Brokerages

Shares of RBB Bancorp (NASDAQ:RBB) have received a consensus recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have covered the stock in the last year is $22.3333.

A number of research firms have issued reports on RBB. Piper Sandler increased their price target on RBB Bancorp from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods increased their target price on shares of RBB Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 22nd. Wall Street Zen cut shares of RBB Bancorp from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RBB Bancorp in a research note on Wednesday, January 28th. Finally, Zacks Research lowered shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, December 22nd.

RBB Bancorp Stock Performance

RBB stock opened at $21.50 on Friday. The firm has a market cap of $366.58 million, a PE ratio of 11.75 and a beta of 1.10. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $21.24 and a 200-day moving average price of $19.82. RBB Bancorp has a 1-year low of $14.40 and a 1-year high of $22.58.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, January 26th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.49 by $0.10. RBB Bancorp had a return on equity of 6.21% and a net margin of 13.42%.The company had revenue of $32.32 million for the quarter, compared to analyst estimates of $33.23 million. As a group, equities research analysts expect that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, January 30th. RBB Bancorp’s dividend payout ratio is 34.97%.

Institutional Investors Weigh In On RBB Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Fourthstone LLC acquired a new position in shares of RBB Bancorp during the second quarter worth approximately $2,830,000. Arrowstreet Capital Limited Partnership increased its stake in RBB Bancorp by 80.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 200,190 shares of the company’s stock valued at $3,756,000 after purchasing an additional 89,035 shares in the last quarter. Millennium Management LLC raised its holdings in RBB Bancorp by 213.9% during the third quarter. Millennium Management LLC now owns 64,005 shares of the company’s stock worth $1,201,000 after buying an additional 43,617 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of RBB Bancorp by 319.2% in the third quarter. First Trust Advisors LP now owns 48,829 shares of the company’s stock valued at $916,000 after buying an additional 37,182 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of RBB Bancorp by 94.7% during the third quarter. Two Sigma Investments LP now owns 54,809 shares of the company’s stock valued at $1,028,000 after buying an additional 26,662 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

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.