RBB Bancorp (NASDAQ:RBB) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in RBB Bancorp (NASDAQ:RBB - Free Report) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,119 shares of the company's stock after selling 20,341 shares during the period. Geode Capital Management LLC owned approximately 1.86% of RBB Bancorp worth $6,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of RBB Bancorp by 101.2% during the fourth quarter. JPMorgan Chase & Co. now owns 101,131 shares of the company's stock worth $2,072,000 after purchasing an additional 50,867 shares during the last quarter. American Century Companies Inc. grew its position in RBB Bancorp by 12.2% during the 4th quarter. American Century Companies Inc. now owns 343,644 shares of the company's stock worth $7,041,000 after purchasing an additional 37,282 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of RBB Bancorp by 222.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,340 shares of the company's stock valued at $847,000 after buying an additional 28,507 shares during the last quarter. Barclays PLC lifted its holdings in shares of RBB Bancorp by 285.6% in 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. Finally, State Street Corp boosted its stake in shares of RBB Bancorp by 3.8% in the third quarter. State Street Corp now owns 323,727 shares of the company's stock worth $7,452,000 after buying an additional 11,809 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RBB. Keefe, Bruyette & Woods reduced their price target on RBB Bancorp from $26.00 to $22.00 and set a "market perform" rating for the company in a research report on Friday, February 7th. Piper Sandler cut their target price on shares of RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Stephens decreased their price objective on shares of RBB Bancorp from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th.

RBB Bancorp Price Performance

RBB Bancorp stock traded down $0.17 during trading on Monday, reaching $15.65. The company had a trading volume of 27,648 shares, compared to its average volume of 49,434. The firm has a market capitalization of $277.62 million, a PE ratio of 10.72 and a beta of 0.89. The firm's 50-day simple moving average is $16.49 and its 200 day simple moving average is $19.87. 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 1-year low of $14.40 and a 1-year high of $25.30.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.25). RBB Bancorp had a net margin of 11.49% and a return on equity of 5.21%. As a group, equities research analysts anticipate that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.64 annualized dividend and a yield of 4.09%. RBB Bancorp's dividend payout ratio (DPR) is currently 43.84%.

Insider Activity

In other RBB Bancorp news, Director James Kao bought 3,352 shares of RBB Bancorp stock in a transaction dated Friday, February 21st. The stock was acquired at an average cost of $17.31 per share, for a total transaction of $58,023.12. Following the completion of the transaction, the director now directly owns 551,863 shares of the company's stock, valued at approximately $9,552,748.53. This represents a 0.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have bought a total of 9,924 shares of company stock worth $171,398 over the last quarter. 4.56% of the stock is currently owned by corporate insiders.

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.