RBB Bancorp (NASDAQ:RBB) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC cut its holdings in RBB Bancorp (NASDAQ:RBB - Free Report) by 12.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,500 shares of the company's stock after selling 23,100 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.95% of RBB Bancorp worth $3,879,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of RBB Bancorp by 13.5% during the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company's stock worth $86,000 after purchasing an additional 444 shares during the last quarter. CWM LLC increased its position in RBB Bancorp by 21.7% during the second quarter. CWM LLC now owns 4,594 shares of the company's stock worth $86,000 after buying an additional 818 shares during the period. SG Americas Securities LLC purchased a new stake in RBB Bancorp in the third quarter valued at approximately $134,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of RBB Bancorp in the third quarter valued at approximately $295,000. Finally, AQR Capital Management LLC acquired a new stake in shares of RBB Bancorp in the second quarter valued at approximately $244,000. 40.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO David Richard Morris sold 9,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total value of $224,010.00. Following the sale, the chief executive officer now directly owns 37,722 shares in the company, valued at $938,900.58. The trade was a 19.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.63% of the company's stock.

RBB Bancorp Stock Performance

RBB stock traded down $0.36 during trading on Friday, hitting $23.53. The company had a trading volume of 31,609 shares, compared to its average volume of 51,014. RBB Bancorp has a 1-year low of $16.49 and a 1-year high of $25.30. The firm has a 50-day moving average price of $23.45 and a 200-day moving average price of $21.54. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The firm has a market cap of $416.25 million, a PE ratio of 12.91 and a beta of 0.96.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.01. The company had revenue of $60.17 million during the quarter, compared to the consensus estimate of $28.17 million. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. During the same quarter in the prior year, the firm earned $0.63 EPS. On average, analysts expect that RBB Bancorp will post 1.58 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.72%. RBB Bancorp's dividend payout ratio (DPR) is presently 34.59%.

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.