Insider Buying: RBB Bancorp (NASDAQ:RBB) Director Acquires $102,750.40 in Stock

RBB Bancorp (NASDAQ:RBB) Director James Kao purchased 5,960 shares of the stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $17.24 per share, for a total transaction of $102,750.40. Following the completion of the transaction, the director now owns 557,823 shares in the company, valued at $9,616,868.52. This trade represents a 1.08 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

James Kao also recently made the following trade(s):

• On Friday, February 21st, James Kao bought 3,352 shares of RBB Bancorp stock. The shares were purchased at an average cost of $17.31 per share, with a total value of $58,023.12.

RBB Bancorp Trading Down 0.5 %

NASDAQ:RBB opened at $17.50 on Friday. The stock has a fifty day simple moving average of $19.26 and a 200 day simple moving average of $21.72. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $309.63 million, a price-to-earnings ratio of 11.99 and a beta of 0.97. RBB Bancorp has a 1-year low of $16.54 and a 1-year high of $25.30.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, February 3rd. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.12). RBB Bancorp had a return on equity of 5.21% and a net margin of 11.49%. Sell-side analysts forecast that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.66%. The ex-dividend date was Friday, January 31st. RBB Bancorp’s payout ratio is 43.84%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods cut their price target on shares of 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 dropped 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 report on Wednesday, February 5th. Finally, Piper Sandler reduced their target price on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th.

Institutional Trading of RBB Bancorp

Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. purchased a new position in shares of RBB Bancorp during the third quarter valued at $252,000. Barclays PLC boosted its position in RBB Bancorp by 285.6% during the 3rd quarter. Barclays PLC now owns 21,477 shares of the company’s stock worth $495,000 after acquiring an additional 15,907 shares during the period. JPMorgan Chase & Co. grew its stake in RBB Bancorp by 572.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,264 shares of the company’s stock valued at $1,157,000 after acquiring an additional 42,786 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of RBB Bancorp by 50.9% in the 3rd quarter. Jane Street Group LLC now owns 27,582 shares of the company’s stock valued at $635,000 after purchasing an additional 9,305 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of RBB Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 55,760 shares of the company’s stock valued at $1,143,000 after purchasing an additional 2,662 shares during the period. Hedge funds and other institutional investors own 40.14% of the company’s stock.

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.