Chuang Lin Sells 10,000 Shares of RBB Bancorp (NASDAQ:RBB) Stock

RBB Bancorp (NASDAQ:RBB) Director Chuang Lin sold 10,000 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $24.23, for a total transaction of $242,300.00. Following the transaction, the director directly owned 51,347 shares in the company, valued at approximately $1,244,137.81. The trade was a 16.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

RBB Bancorp Price Performance

Shares of RBB stock traded down $0.14 on Friday, reaching $24.05. 46,660 shares of the company were exchanged, compared to its average volume of 71,901. The company has a market cap of $410.63 million, a price-to-earnings ratio of 10.19 and a beta of 1.07. The business has a 50-day moving average price of $22.17 and a 200 day moving average price of $21.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.06 and a current ratio of 1.06. RBB Bancorp has a 1 year low of $15.59 and a 1 year high of $24.73.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings results on Monday, April 20th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.21. RBB Bancorp had a net margin of 16.76% and a return on equity of 7.90%. The firm had revenue of $34.75 million for the quarter, compared to analyst estimates of $32.38 million. Equities research analysts forecast that RBB Bancorp will post 2.35 earnings per share for the current fiscal year.

RBB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be given a dividend of $0.16 per share. The ex-dividend date is Thursday, April 30th. This represents a $0.64 dividend on an annualized basis and a yield of 2.7%. RBB Bancorp’s payout ratio is presently 27.12%.

Institutional Investors Weigh In On RBB Bancorp

A number of hedge funds have recently added to or reduced their stakes in RBB. Hillsdale Investment Management Inc. acquired a new position in shares of RBB Bancorp in the fourth quarter worth $3,084,000. Arrowstreet Capital Limited Partnership raised its stake in shares of RBB Bancorp by 80.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 200,190 shares of the company’s stock valued at $3,756,000 after acquiring an additional 89,035 shares in the last quarter. Millennium Management LLC boosted its holdings in RBB Bancorp by 213.9% in the third quarter. Millennium Management LLC now owns 64,005 shares of the company’s stock valued at $1,201,000 after purchasing an additional 43,617 shares during the period. Kennedy Capital Management LLC purchased a new position in RBB Bancorp in the fourth quarter valued at $856,000. Finally, Martingale Asset Management L P acquired a new position in RBB Bancorp during the 4th quarter worth $772,000. 40.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Zacks Research raised shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Wall Street Zen lowered RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Hovde Group lifted their price objective on RBB Bancorp from $23.00 to $26.00 and gave the company a “market perform” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of RBB Bancorp in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.33.

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.