RBB Bancorp (NASDAQ:RBB) Short Interest Up 21.0% in February

RBB Bancorp (NASDAQ:RBB) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 165,449 shares, a growth of 21.0% from the February 12th total of 136,691 shares. Based on an average daily trading volume, of 67,658 shares, the days-to-cover ratio is presently 2.4 days. Approximately 1.0% of the shares of the company are short sold. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 67,658 shares, the days-to-cover ratio is presently 2.4 days.

Hedge Funds Weigh In On RBB Bancorp

Several large investors have recently bought and sold shares of RBB. First Trust Advisors LP boosted its position in shares of RBB Bancorp by 5.0% during the 2nd quarter. First Trust Advisors LP now owns 11,647 shares of the company’s stock worth $200,000 after acquiring an additional 555 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of RBB Bancorp by 12.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,145 shares of the company’s stock valued at $127,000 after buying an additional 703 shares in the last quarter. BNP Paribas Financial Markets increased its position 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 worth $31,000 after purchasing an additional 835 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in RBB Bancorp by 17.9% in the third quarter. Public Employees Retirement System of Ohio now owns 6,593 shares of the company’s stock worth $124,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of RBB Bancorp by 4.4% in the 4th quarter. Barclays PLC now owns 25,157 shares of the company’s stock worth $519,000 after buying an additional 1,067 shares in the last quarter. Hedge funds and other institutional investors own 40.14% of the company’s stock.

Analyst Ratings Changes

RBB has been the topic of a number of research reports. Wall Street Zen lowered shares of RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RBB Bancorp in a research report on Wednesday, January 28th. Finally, Zacks Research downgraded RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, RBB Bancorp has an average rating of “Hold” and an average price target of $22.00.

RBB Bancorp Trading Up 0.7%

RBB traded up $0.14 during trading hours on Monday, reaching $21.07. The company’s stock had a trading volume of 12,078 shares, compared to its average volume of 65,524. The business’s 50-day moving average is $21.58 and its 200-day moving average is $20.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $359.31 million, a PE ratio of 11.58 and a beta of 1.08. RBB Bancorp has a fifty-two week low of $14.40 and a fifty-two week high of $22.69.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.49 by $0.10. The business had revenue of $32.32 million for the quarter, compared to analyst estimates of $33.23 million. RBB Bancorp had a return on equity of 6.19% and a net margin of 13.42%. As a group, equities research analysts predict that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, January 30th. RBB Bancorp’s dividend payout ratio (DPR) is presently 34.97%.

RBB Bancorp Company Profile

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.