Keefe, Bruyette & Woods Has Lowered Expectations for RBB Bancorp (NASDAQ:RBB) Stock Price

RBB Bancorp (NASDAQ:RBB - Free Report) had its price objective trimmed by Keefe, Bruyette & Woods from $26.00 to $22.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other research firms also recently commented on RBB. 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. Piper Sandler reduced their price target on shares of RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th.

RBB Bancorp Stock Up 1.2 %

NASDAQ RBB traded up $0.23 during trading hours on Friday, reaching $18.49. 8,939 shares of the company traded hands, compared to its average volume of 49,455. RBB Bancorp has a 12 month low of $16.54 and a 12 month high of $25.30. 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 stock has a market capitalization of $327.00 million, a PE ratio of 12.66 and a beta of 0.97. The company has a 50 day moving average of $20.70 and a two-hundred day moving average of $22.12.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.25 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, equities analysts expect that RBB Bancorp will post 1.62 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, January 31st. This represents a $0.64 annualized dividend and a yield of 3.46%. RBB Bancorp's payout ratio is 43.84%.

Insider Buying and Selling at RBB Bancorp

In other news, CEO David Richard Morris sold 9,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total transaction of $224,010.00. Following the completion of the transaction, the chief executive officer now owns 37,722 shares in the company, valued at approximately $938,900.58. This trade represents a 19.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Gary Fan sold 12,000 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $23.45, for a total transaction of $281,400.00. The disclosure for this sale can be found here. 6.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted 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 period. SG Americas Securities LLC raised its position in RBB Bancorp by 20.0% during the fourth quarter. SG Americas Securities LLC now owns 6,992 shares of the company's stock valued at $143,000 after acquiring an additional 1,167 shares in the last quarter. R Squared Ltd bought a new position in RBB Bancorp during the fourth quarter valued at approximately $29,000. Rhumbline Advisers raised its position in RBB Bancorp by 6.0% during the fourth quarter. Rhumbline Advisers now owns 26,554 shares of the company's stock valued at $544,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Empowered Funds LLC raised its position in RBB Bancorp by 5.0% during the fourth quarter. Empowered Funds LLC now owns 55,760 shares of the company's stock valued at $1,143,000 after acquiring an additional 2,662 shares in the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

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.