RBB Bancorp (NASDAQ:RBB) Short Interest Update

RBB Bancorp (NASDAQ:RBB) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 172,600 shares, an increase of 32.3% from the October 15th total of 130,500 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 46,400 shares, the days-to-cover ratio is presently 3.7 days.

Analysts Set New Price Targets

Several analysts have recently weighed in on RBB shares. Stephens reissued an “equal weight” rating and set a $20.00 price objective on shares of RBB Bancorp in a report on Tuesday, July 23rd. Piper Sandler boosted their price target on shares of RBB Bancorp from $21.00 to $21.50 and gave the company a “neutral” rating in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.88.

Insider Transactions at RBB Bancorp

In related news, CEO David Richard Morris sold 9,000 shares of RBB Bancorp stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the sale, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at $938,900.58. This trade represents a 19.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.63% of the company’s stock.

Institutional Trading of RBB Bancorp

Several hedge funds have recently modified their holdings of RBB. Barclays PLC grew its holdings in shares of RBB Bancorp by 285.6% during the third quarter. Barclays PLC now owns 21,477 shares of the company’s stock worth $495,000 after purchasing an additional 15,907 shares during the last quarter. Zacks Investment Management acquired a new position in RBB Bancorp during the 3rd quarter worth about $1,208,000. Jane Street Group LLC grew its holdings in RBB Bancorp by 50.9% during the 3rd quarter. Jane Street Group LLC now owns 27,582 shares of the company’s stock worth $635,000 after acquiring an additional 9,305 shares during the last quarter. State Street Corp grew its holdings in RBB Bancorp by 3.8% during the 3rd quarter. State Street Corp now owns 323,727 shares of the company’s stock worth $7,452,000 after acquiring an additional 11,809 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in RBB Bancorp by 13.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock valued at $86,000 after acquiring an additional 444 shares in the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

RBB Bancorp Price Performance

Shares of RBB Bancorp stock traded down $0.44 during midday trading on Friday, hitting $24.39. 48,212 shares of the company were exchanged, compared to its average volume of 51,672. The firm has a 50 day simple moving average of $23.12 and a 200-day simple moving average of $21.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.09. The firm has a market cap of $431.46 million, a P/E ratio of 13.18 and a beta of 0.95. RBB Bancorp has a 52 week low of $14.84 and a 52 week high of $25.30.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. The company had revenue of $60.17 million during the quarter, compared to analysts’ expectations of $28.17 million. During the same period last year, the business earned $0.63 earnings per share. Research analysts forecast that RBB Bancorp will post 1.58 earnings per share for the current year.

RBB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders 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 dividend on an annualized basis and a yield of 2.62%. RBB Bancorp’s dividend payout ratio (DPR) is presently 34.59%.

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.