52,487 Shares in RBB Bancorp (NASDAQ:RBB) Bought by Zacks Investment Management

Zacks Investment Management bought a new stake in RBB Bancorp (NASDAQ:RBB - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 52,487 shares of the company's stock, valued at approximately $1,208,000. Zacks Investment Management owned 0.30% of RBB Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in RBB Bancorp by 13.5% in the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company's stock valued at $86,000 after buying an additional 444 shares during the period. CWM LLC lifted its stake in shares of RBB Bancorp by 21.7% in the 2nd quarter. CWM LLC now owns 4,594 shares of the company's stock valued at $86,000 after purchasing an additional 818 shares during the period. SG Americas Securities LLC bought a new position in shares of RBB Bancorp in the 3rd quarter worth $134,000. AQR Capital Management LLC acquired a new stake in shares of RBB Bancorp during the second quarter worth $244,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in RBB Bancorp in the third quarter valued at about $295,000. Institutional investors own 40.14% of the company's stock.

RBB Bancorp Trading Up 1.0 %

NASDAQ:RBB traded up $0.23 during mid-day trading on Tuesday, hitting $23.41. The company had a trading volume of 40,284 shares, compared to its average volume of 50,903. The firm has a market cap of $414.19 million, a P/E ratio of 12.53 and a beta of 0.96. RBB Bancorp has a fifty-two week low of $16.49 and a fifty-two week high of $25.30. The business's fifty day moving average is $23.47 and its two-hundred day moving average is $21.64. 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 (NASDAQ:RBB - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. The business had revenue of $60.17 million for the quarter, compared to the consensus estimate of $28.17 million. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. During the same period last year, the company posted $0.63 EPS. As a group, research analysts expect that RBB Bancorp will post 1.58 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.64 annualized dividend and a dividend yield of 2.73%. RBB Bancorp's dividend payout ratio is presently 34.59%.

Insider Buying and Selling

In other news, EVP Gary Fan sold 12,000 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.45, for a total value of $281,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Richard Morris sold 9,000 shares of the company'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 transaction, the chief executive officer now directly owns 37,722 shares of the company's stock, valued at $938,900.58. This represents a 19.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.63% of the stock is owned by company 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.