RBB Bancorp (NASDAQ:RBB) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its stake in shares of RBB Bancorp (NASDAQ:RBB - Free Report) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,644 shares of the company's stock after acquiring an additional 37,282 shares during the quarter. American Century Companies Inc. owned about 1.94% of RBB Bancorp worth $7,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of RBB Bancorp in the fourth quarter valued at approximately $29,000. BNP Paribas Financial Markets raised its position in RBB Bancorp by 13.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company's stock valued at $86,000 after purchasing an additional 444 shares during the last quarter. SG Americas Securities LLC boosted its stake in RBB Bancorp by 20.0% during the 4th quarter. SG Americas Securities LLC now owns 6,992 shares of the company's stock worth $143,000 after purchasing an additional 1,167 shares during the period. Franklin Resources Inc. purchased a new position in RBB Bancorp during the 3rd quarter worth $252,000. Finally, Barclays PLC increased its stake in RBB Bancorp by 285.6% in the third quarter. Barclays PLC now owns 21,477 shares of the company's stock valued at $495,000 after purchasing an additional 15,907 shares during the period. 40.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RBB has been the subject of several recent research reports. Stephens decreased their target price on shares of RBB Bancorp from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods decreased their price objective on RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Finally, Piper Sandler lowered their target price on RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th.

RBB Bancorp Stock Performance

Shares of RBB Bancorp stock traded down $0.19 on Tuesday, reaching $15.21. 35,331 shares of the stock were exchanged, compared to its average volume of 50,086. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $269.67 million, a PE ratio of 10.42 and a beta of 0.89. RBB Bancorp has a 1-year low of $14.49 and a 1-year high of $25.30. The business has a fifty day moving average price of $17.28 and a two-hundred day moving average price of $20.57.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. As a group, research analysts anticipate that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Friday, January 31st. RBB Bancorp's payout ratio is 43.84%.

Insider Buying and Selling at RBB Bancorp

In related news, Director James Kao bought 5,960 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $17.24 per share, for a total transaction of $102,750.40. Following the completion of the transaction, the director now owns 557,823 shares of the company's stock, valued at $9,616,868.52. This represents a 1.08 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders acquired 9,924 shares of company stock valued at $171,398. 6.63% of the stock is owned by company insiders.

RBB Bancorp Profile

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.