Insider Buying: RBB Bancorp (NASDAQ:RBB) Director Acquires $119,560.00 in Stock

RBB Bancorp (NASDAQ:RBBGet Free Report) Director James Kao purchased 7,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were bought at an average price of $17.08 per share, for a total transaction of $119,560.00. Following the completion of the transaction, the director now directly owns 548,511 shares in the company, valued at approximately $9,368,567.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

RBB Bancorp Stock Performance

Shares of RBB opened at $17.20 on Thursday. The firm’s 50 day moving average is $17.99 and its 200-day moving average is $17.90. The stock has a market capitalization of $317.17 million, a P/E ratio of 7.54 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.09 and a quick ratio of 1.08. RBB Bancorp has a 12-month low of $11.15 and a 12-month high of $20.22.

RBB Bancorp (NASDAQ:RBBGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. The company had revenue of $58.17 million for the quarter, compared to analysts’ expectations of $27.40 million. RBB Bancorp had a net margin of 17.69% and a return on equity of 7.71%. During the same quarter in the previous year, the company posted $0.58 EPS. Equities research analysts anticipate that RBB Bancorp will post 1.51 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Wednesday, May 1st were paid a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.72%. RBB Bancorp’s dividend payout ratio is currently 28.07%.

Analysts Set New Price Targets

RBB has been the topic of a number of recent analyst reports. Hovde Group initiated coverage on shares of RBB Bancorp in a research report on Monday, April 22nd. They set a “market perform” rating and a $19.00 price target on the stock. Stephens restated an “equal weight” rating and set a $20.00 price target on shares of RBB Bancorp in a research report on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $22.00 price target (up from $20.00) on shares of RBB Bancorp in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.50.

Check Out Our Latest Stock Analysis on RBB

Hedge Funds Weigh In On RBB Bancorp

Several hedge funds have recently made changes to their positions in the business. AJOVista LLC purchased a new position in shares of RBB Bancorp in the fourth quarter worth approximately $59,000. Quadrature Capital Ltd purchased a new position in shares of RBB Bancorp in the third quarter worth approximately $138,000. BNP Paribas Financial Markets increased its position in shares of RBB Bancorp by 89.6% in the first quarter. BNP Paribas Financial Markets now owns 8,236 shares of the company’s stock worth $148,000 after acquiring an additional 3,892 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of RBB Bancorp by 101.4% in the fourth quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock worth $170,000 after acquiring an additional 4,503 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of RBB Bancorp in the fourth quarter worth approximately $177,000. Institutional investors and hedge funds own 40.14% of the company’s stock.

RBB Bancorp Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for RBB Bancorp (NASDAQ:RBB)

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