RBB Bancorp (NASDAQ:RBB) Director Buys $10,624.32 in Stock

RBB Bancorp (NASDAQ:RBB - Get Free Report) Director James Kao acquired 612 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $17.36 per share, with a total value of $10,624.32. Following the acquisition, the director now owns 558,820 shares in the company, valued at $9,701,115.20. The trade was a 0.11 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

James Kao also recently made the following trade(s):

• On Monday, February 24th, James Kao acquired 5,960 shares of RBB Bancorp stock. The stock was acquired at an average cost of $17.24 per share, with a total value of $102,750.40.
• On Friday, February 21st, James Kao purchased 3,352 shares of RBB Bancorp stock. The stock was bought at an average price of $17.31 per share, with a total value of $58,023.12.

RBB Bancorp Price Performance

RBB Bancorp stock traded down $0.25 during mid-day trading on Friday, hitting $17.19. 3,542 shares of the company traded hands, compared to its average volume of 42,413. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. RBB Bancorp has a one year low of $16.54 and a one year high of $25.30. The stock has a market cap of $304.05 million, a price-to-earnings ratio of 11.84 and a beta of 0.95. The stock has a fifty day moving average price of $18.90 and a 200-day moving average price of $21.58.

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RBB Bancorp (NASDAQ:RBB - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. On average, equities analysts predict that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st were given a dividend of $0.16 per share. The ex-dividend date was Friday, January 31st. This represents a $0.64 annualized dividend and a yield of 3.72%. RBB Bancorp's payout ratio is 43.84%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its stake in shares of RBB Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 53,098 shares of the company's stock valued at $1,222,000 after purchasing an additional 2,680 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in RBB Bancorp during the 3rd quarter valued at $295,000. BNP Paribas Financial Markets grew its holdings in RBB Bancorp by 13.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company's stock worth $86,000 after acquiring an additional 444 shares during the last quarter. State Street Corp grew its holdings in RBB Bancorp by 3.8% in the 3rd quarter. State Street Corp now owns 323,727 shares of the company's stock worth $7,452,000 after acquiring an additional 11,809 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of RBB Bancorp by 50.9% in the third quarter. Jane Street Group LLC now owns 27,582 shares of the company's stock valued at $635,000 after acquiring an additional 9,305 shares during the period. Hedge funds and other institutional investors own 40.14% of the company's stock.

About RBB Bancorp

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.