RBB Bancorp (NASDAQ:RBB) Short Interest Update

RBB Bancorp (NASDAQ:RBB) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 109,700 shares, an increase of 19.8% from the January 15th total of 91,600 shares. Based on an average daily trading volume, of 50,000 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.7% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reduced their target price on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating for the company in a research note on Friday, February 7th. Stephens lowered 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 cut their price target on RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th.

RBB Bancorp Trading Up 0.4 %

Shares of RBB traded up $0.07 during mid-day trading on Monday, reaching $17.69. The company’s stock had a trading volume of 44,888 shares, compared to its average volume of 53,336. The company’s fifty day moving average price is $20.23 and its two-hundred day moving average price is $21.97. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. The stock has a market cap of $312.94 million, a PE ratio of 12.12 and a beta of 0.97. RBB Bancorp has a 52 week low of $16.54 and a 52 week high of $25.30.

RBB Bancorp (NASDAQ:RBB) last released its quarterly 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 net margin of 11.49% and a return on equity of 5.21%. On average, analysts predict that RBB Bancorp will post 1.62 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Friday, January 31st were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.64 annualized dividend and a dividend yield of 3.62%. RBB Bancorp’s dividend payout ratio (DPR) is 43.84%.

Insiders Place Their Bets

In other RBB Bancorp news, EVP Gary Fan sold 12,000 shares of RBB Bancorp stock in a transaction dated Friday, December 6th. The shares were 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 accessible through this link. Insiders own 6.63% of the company’s stock.

Institutional Trading of RBB Bancorp

Several hedge funds have recently bought and sold shares of RBB. AQR Capital Management LLC bought a new stake in RBB Bancorp during the 2nd quarter worth approximately $244,000. SG Americas Securities LLC bought a new stake in shares of RBB Bancorp during the 3rd quarter valued at $134,000. Empowered Funds LLC raised its position in shares of RBB Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 53,098 shares of the company’s stock valued at $1,222,000 after purchasing an additional 2,680 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of RBB Bancorp during the 3rd quarter valued at $295,000. Finally, BNP Paribas Financial Markets boosted its holdings in RBB Bancorp by 13.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after buying an additional 444 shares during the period. 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.