RBB Bancorp (NASDAQ:RBB) Short Interest Up 25.9% in March

RBB Bancorp (NASDAQ:RBB - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 95,700 shares, a growth of 25.9% from the February 28th total of 76,000 shares. Based on an average daily volume of 41,600 shares, the short-interest ratio is currently 2.3 days. Currently, 0.6% of the shares of the company are sold short.

RBB Bancorp Price Performance

NASDAQ RBB traded up $0.15 during trading hours on Friday, reaching $15.63. The company's stock had a trading volume of 72,823 shares, compared to its average volume of 50,096. The firm has a market capitalization of $277.12 million, a price-to-earnings ratio of 10.71 and a beta of 0.89. RBB Bancorp has a 1-year low of $14.69 and a 1-year high of $25.30. The company's 50-day moving average is $17.53 and its two-hundred day moving average is $20.74. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last released its quarterly earnings results 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%. On average, equities analysts predict that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Friday, January 31st. RBB Bancorp's dividend payout ratio is presently 43.84%.

Insider Activity

In other RBB Bancorp news, Director James Kao acquired 5,960 shares of the company's stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $17.24 per share, with a total value of $102,750.40. Following the acquisition, the director now directly owns 557,823 shares of the company's stock, valued at approximately $9,616,868.52. The trade was a 1.08 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have bought 9,924 shares of company stock valued at $171,398. Company insiders own 6.63% of the company's stock.

Hedge Funds Weigh In On RBB Bancorp

Hedge funds have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of RBB Bancorp in the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC boosted its stake in RBB Bancorp by 195.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company's stock worth $36,000 after purchasing an additional 1,149 shares during the last quarter. BNP Paribas Financial Markets grew 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 buying an additional 444 shares in the last quarter. SG Americas Securities LLC raised its position in shares of RBB Bancorp by 20.0% in the fourth quarter. SG Americas Securities LLC now owns 6,992 shares of the company's stock valued at $143,000 after buying an additional 1,167 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of RBB Bancorp by 25.2% in the fourth 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. Institutional investors and hedge funds own 40.14% of the company's stock.

Wall Street Analyst Weigh In

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