Short Interest in RBB Bancorp (NASDAQ:RBB) Increases By 19.8%

RBB Bancorp (NASDAQ:RBB - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 109,700 shares, a growth of 19.8% from the January 15th total of 91,600 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 50,000 shares, the short-interest ratio is currently 2.2 days.

Wall Street Analysts Forecast Growth

RBB has been the topic of a number of research reports. Stephens reduced their target price on shares of RBB Bancorp from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Piper Sandler reduced their price target on RBB Bancorp from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of 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.

Insiders Place Their Bets

In related news, EVP Gary Fan sold 12,000 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.45, for a total transaction of $281,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.63% of the company's stock.

Hedge Funds Weigh In On RBB Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in shares of RBB Bancorp during the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC increased 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 valued at $36,000 after buying an additional 1,149 shares during the period. BNP Paribas Financial Markets grew its holdings in 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 acquiring an additional 444 shares during the period. SG Americas Securities LLC bought a new stake in shares of RBB Bancorp during the 3rd quarter worth $134,000. Finally, Wells Fargo & Company MN raised its holdings in shares of RBB Bancorp by 25.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,564 shares of the company's stock valued at $196,000 after acquiring an additional 1,925 shares during the period. Institutional investors and hedge funds own 40.14% of the company's stock.

RBB Bancorp Stock Down 0.2 %

Shares of NASDAQ:RBB traded down $0.03 during trading on Wednesday, hitting $17.65. 16,741 shares of the company were exchanged, compared to its average volume of 47,183. The firm's 50 day moving average price is $19.89 and its 200-day moving average price is $21.88. 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 has a 12-month low of $16.54 and a 12-month high of $25.30. The stock has a market capitalization of $312.23 million, a P/E ratio of 12.09 and a beta of 0.97.

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 the consensus estimate 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, research analysts predict 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 was paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Friday, January 31st. RBB Bancorp's dividend payout ratio is presently 43.84%.

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.