RBB Bancorp (NASDAQ:RBB) Director James Kao Buys 612 Shares of Stock

RBB Bancorp (NASDAQ:RBB) Director James Kao purchased 612 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $17.36 per share, with a total value of $10,624.32. Following the completion of the purchase, the director now directly owns 558,820 shares in the company, valued at $9,701,115.20. This trade represents a 0.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, February 24th, James Kao bought 5,960 shares of RBB Bancorp stock. The shares were purchased at an average price of $17.24 per share, with a total value of $102,750.40.
• On Friday, February 21st, James Kao bought 3,352 shares of RBB Bancorp stock. The shares were purchased at an average price of $17.31 per share, with a total value of $58,023.12.

RBB Bancorp Stock Performance

NASDAQ:RBB opened at $17.43 on Tuesday. The stock’s fifty day moving average is $19.19 and its 200 day moving average is $21.70. RBB Bancorp has a fifty-two week low of $16.54 and a fifty-two week high of $25.30. The firm has a market capitalization of $308.39 million, a PE ratio of 11.94 and a beta of 0.97. 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) 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, sell-side analysts anticipate that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Friday, January 31st were issued a dividend of $0.16 per share. The ex-dividend date was Friday, January 31st. This represents a $0.64 annualized dividend and a yield of 3.67%. RBB Bancorp’s payout ratio is presently 43.84%.

Institutional Trading of RBB Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in RBB Bancorp in the fourth quarter worth $29,000. Tower Research Capital LLC TRC increased its stake in RBB Bancorp by 195.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company’s stock worth $36,000 after purchasing an additional 1,149 shares during the period. BNP Paribas Financial Markets increased its stake in RBB Bancorp by 13.5% in the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after purchasing an additional 444 shares during the period. SG Americas Securities LLC increased its stake in RBB Bancorp by 20.0% in the fourth quarter. SG Americas Securities LLC now owns 6,992 shares of the company’s stock worth $143,000 after purchasing an additional 1,167 shares during the period. Finally, Wells Fargo & Company MN increased its stake in RBB Bancorp by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 9,564 shares of the company’s stock worth $196,000 after purchasing an additional 1,925 shares during the period. Hedge funds and other institutional investors own 40.14% of the company’s stock.

Wall Street Analysts Forecast Growth

RBB has been the subject of a number of research reports. Piper Sandler lowered their target price on RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Stephens lowered their target price on RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods lowered their target price on RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating for the company in a research report on Friday, February 7th.

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.