Insider Selling: RBB Bancorp (NASDAQ:RBB) Director Sells 1,946 Shares of Stock

RBB Bancorp (NASDAQ:RBB) Director David Richard Morris sold 1,946 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $23.99, for a total value of $46,684.54. Following the completion of the transaction, the director directly owned 43,422 shares of the company’s stock, valued at $1,041,693.78. This represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

David Richard Morris also recently made the following trade(s):

• On Monday, May 4th, David Richard Morris sold 4,500 shares of RBB Bancorp stock. The shares were sold at an average price of $23.90, for a total value of $107,550.00.

RBB Bancorp Trading Up 1.0%

Shares of RBB Bancorp stock traded up $0.25 on Monday, hitting $24.25. The stock had a trading volume of 240,019 shares, compared to its average volume of 87,446. The firm has a market capitalization of $410.80 million, a P/E ratio of 10.28 and a beta of 1.05. RBB Bancorp has a twelve month low of $15.94 and a twelve month high of $24.73. The stock has a 50 day moving average of $23.23 and a 200 day moving average of $21.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.06 and a current ratio of 1.06.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, April 20th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.45 by $0.21. RBB Bancorp had a return on equity of 7.85% and a net margin of 16.76%.The firm had revenue of $34.75 million for the quarter, compared to the consensus estimate of $32.38 million. Sell-side analysts expect that RBB Bancorp will post 2.35 earnings per share for the current fiscal year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.16 dividend. The ex-dividend date was Thursday, April 30th. This represents a $0.64 annualized dividend and a yield of 2.6%. RBB Bancorp’s dividend payout ratio is presently 27.12%.

Analyst Ratings Changes

RBB has been the topic of several analyst reports. Hovde Group upped their target price on RBB Bancorp from $23.00 to $26.00 and gave the company a “market perform” rating in a report on Wednesday, April 22nd. Zacks Research upgraded RBB Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Weiss Ratings upgraded RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, RBB Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

Hedge Funds Weigh In On RBB Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP raised its position in shares of RBB Bancorp by 5.0% during the second quarter. First Trust Advisors LP now owns 11,647 shares of the company’s stock worth $200,000 after purchasing an additional 555 shares during the period. PNC Financial Services Group Inc. raised its position in shares of RBB Bancorp by 10.3% during the first quarter. PNC Financial Services Group Inc. now owns 6,781 shares of the company’s stock worth $145,000 after purchasing an additional 636 shares during the period. BNP Paribas Financial Markets raised 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 during the period. Public Employees Retirement System of Ohio raised its position in shares of 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, Barclays PLC raised its position in RBB Bancorp by 4.4% in the 4th quarter. Barclays PLC now owns 25,157 shares of the company’s stock valued at $519,000 after buying an additional 1,067 shares during the last quarter. 40.14% of the stock is currently owned by institutional investors.

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.