RBB Bancorp (NASDAQ:RBB) Receives Equal Weight Rating from Stephens

RBB Bancorp (NASDAQ:RBB - Get Free Report)'s stock had its "equal weight" rating reaffirmed by investment analysts at Stephens in a report released on Tuesday,Benzinga reports. They currently have a $25.00 price target on the stock. Stephens' target price would indicate a potential upside of 34.62% from the company's previous close.

RBB Bancorp Price Performance

RBB Bancorp stock traded down $0.37 during mid-day trading on Tuesday, hitting $18.57. The company's stock had a trading volume of 25,264 shares, compared to its average volume of 51,215. The stock's fifty day moving average price is $20.92 and its two-hundred day moving average price is $22.19. The stock has a market capitalization of $328.58 million, a P/E ratio of 10.04 and a beta of 0.97. 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 twelve month low of $16.54 and a twelve month high of $25.30.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced 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 14.50% and a return on equity of 5.94%. Research analysts forecast that RBB Bancorp will post 1.59 earnings per share for the current year.

Insider Activity

In other news, CEO David Richard Morris sold 9,000 shares of the firm's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total value of $224,010.00. Following the completion of the transaction, the chief executive officer now owns 37,722 shares in the company, valued at $938,900.58. This trade represents a 19.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 currently owned by insiders.

Hedge Funds Weigh In On RBB Bancorp

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in shares of 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 in the last quarter. SG Americas Securities LLC grew its stake in RBB Bancorp by 20.0% in the 4th 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 in the last quarter. R Squared Ltd purchased a new stake in shares of RBB Bancorp in the fourth quarter worth about $29,000. Rhumbline Advisers boosted its stake 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 buying an additional 1,508 shares during the period. Finally, Empowered Funds LLC grew its position in RBB Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 55,760 shares of the company's stock worth $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.

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.