Insider Selling: RBB Bancorp (NASDAQ:RBB) EVP Sells $56,855.68 in Stock

RBB Bancorp (NASDAQ:RBB) EVP Gary Fan sold 2,368 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $24.01, for a total value of $56,855.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gary Fan also recently made the following trade(s):

• On Wednesday, April 29th, Gary Fan sold 6,000 shares of RBB Bancorp stock. The stock was sold at an average price of $24.04, for a total transaction of $144,240.00.

RBB Bancorp Stock Performance

RBB Bancorp stock opened at $23.92 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $405.11 million, a PE ratio of 10.14 and a beta of 1.07. The firm has a fifty day simple moving average of $22.88 and a two-hundred day simple moving average of $21.75. RBB Bancorp has a twelve month low of $15.94 and a twelve month high of $24.73.

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

RBB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $0.64 annualized dividend and a yield of 2.7%. RBB Bancorp’s payout ratio is currently 27.12%.

Hedge Funds Weigh In On RBB Bancorp

A number of hedge funds have recently modified their holdings of the company. Rhino Investment Partners Inc increased its position in shares of RBB Bancorp by 9.4% in the first quarter. Rhino Investment Partners Inc now owns 338,810 shares of the company’s stock valued at $7,240,000 after acquiring an additional 29,070 shares during the period. Empowered Funds LLC increased its position in shares of RBB Bancorp by 23.5% in the first quarter. Empowered Funds LLC now owns 101,463 shares of the company’s stock valued at $2,168,000 after acquiring an additional 19,279 shares during the period. Quantinno Capital Management LP increased its position in shares of RBB Bancorp by 47.9% in the first quarter. Quantinno Capital Management LP now owns 66,144 shares of the company’s stock valued at $1,413,000 after acquiring an additional 21,434 shares during the period. North Reef Capital Management LP purchased a new position in shares of RBB Bancorp in the first quarter valued at about $1,371,000. Finally, Sei Investments Co. purchased a new position in shares of RBB Bancorp in the first quarter valued at about $356,000. Hedge funds and other institutional investors own 40.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Zacks Research raised shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Wall Street Zen downgraded shares of RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Hovde Group boosted their price target on shares of RBB Bancorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, RBB Bancorp has a consensus rating of “Moderate Buy” and an average target price 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.