LSV Asset Management Has $5.65 Million Position in RBB Bancorp (NASDAQ:RBB)

LSV Asset Management decreased its stake in shares of RBB Bancorp (NASDAQ:RBB - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,787 shares of the company's stock after selling 51,300 shares during the period. LSV Asset Management owned 1.56% of RBB Bancorp worth $5,651,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of RBB Bancorp during the fourth quarter worth 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 worth $86,000 after purchasing an additional 444 shares during the last quarter. SG Americas Securities LLC lifted its holdings 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 buying an additional 1,167 shares in the last quarter. Wells Fargo & Company MN boosted its position in RBB Bancorp by 25.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,564 shares of the company's stock valued at $196,000 after buying an additional 1,925 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of RBB Bancorp during the third quarter worth $252,000. Institutional investors own 40.14% of the company's stock.

RBB Bancorp Trading Down 1.8 %

RBB traded down $0.28 during midday trading on Friday, reaching $15.08. 22,723 shares of the company were exchanged, compared to its average volume of 50,035. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $267.37 million, a P/E ratio of 10.33 and a beta of 0.89. The stock's 50-day simple moving average is $16.76 and its 200 day simple moving average is $20.20. RBB Bancorp has a one year low of $14.49 and a one year high of $25.30.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last issued 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 net margin of 11.49% and a return on equity of 5.21%. As a group, analysts forecast that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

Insider Activity at RBB Bancorp

In other RBB Bancorp news, Director James Kao acquired 5,960 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average cost of $17.24 per share, for a total transaction of $102,750.40. Following the transaction, the director now owns 557,823 shares of the company's stock, valued at $9,616,868.52. This trade represents a 1.08 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 9,924 shares of company stock worth $171,398 in the last quarter. Corporate insiders own 6.63% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. 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 report on Wednesday, February 5th. Keefe, Bruyette & Woods dropped their price target on shares of RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating for the company in a research note on Friday, February 7th. Finally, Stephens reduced their price objective on shares of RBB Bancorp from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th.

RBB Bancorp Company 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.