JPMorgan Chase & Co. Boosts Stock Holdings in RBB Bancorp (NASDAQ:RBB)

JPMorgan Chase & Co. increased its position in shares of RBB Bancorp (NASDAQ:RBB - Free Report) by 572.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 50,264 shares of the company's stock after buying an additional 42,786 shares during the quarter. JPMorgan Chase & Co. owned about 0.28% of RBB Bancorp worth $1,157,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. purchased a new stake in shares of RBB Bancorp during the 3rd quarter valued at approximately $252,000. Barclays PLC raised its position in shares of RBB Bancorp by 285.6% during the 3rd quarter. Barclays PLC now owns 21,477 shares of the company's stock valued at $495,000 after buying an additional 15,907 shares during the period. Zacks Investment Management purchased a new stake in RBB Bancorp in the third quarter valued at approximately $1,208,000. Jane Street Group LLC raised its position in 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 purchasing an additional 9,305 shares during the period. Finally, State Street Corp raised its position in RBB Bancorp by 3.8% in the third quarter. State Street Corp now owns 323,727 shares of the company's stock valued at $7,452,000 after purchasing an additional 11,809 shares during the period. Hedge funds and other institutional investors own 40.14% of the company's stock.

RBB Bancorp Trading Down 1.3 %

NASDAQ RBB traded down $0.25 on Friday, reaching $19.55. The stock had a trading volume of 118,186 shares, compared to its average volume of 29,988. The firm has a market capitalization of $345.84 million, a price-to-earnings ratio of 10.57 and a beta of 0.98. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. RBB Bancorp has a 12-month low of $16.49 and a 12-month high of $25.30. The stock has a fifty day moving average price of $21.83 and a two-hundred day moving average price of $22.28.

RBB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Friday, January 31st. RBB Bancorp's payout ratio is 34.59%.

Insider Buying and Selling at RBB Bancorp

In other news, CEO David Richard Morris sold 9,000 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the sale, the chief executive officer now owns 37,722 shares of the company's stock, valued at approximately $938,900.58. This represents a 19.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary Fan sold 12,000 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $23.45, for a total value of $281,400.00. The disclosure for this sale can be found here. 6.63% of the stock is owned by corporate 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.