James Kao Purchases 3,352 Shares of RBB Bancorp (NASDAQ:RBB) Stock

RBB Bancorp (NASDAQ:RBB) Director James Kao purchased 3,352 shares of RBB Bancorp stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of $17.31 per share, for a total transaction of $58,023.12. Following the completion of the acquisition, the director now owns 551,863 shares of the company’s stock, valued at approximately $9,552,748.53. This trade represents a 0.61 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, February 24th, James Kao acquired 5,960 shares of RBB Bancorp stock. The stock was acquired at an average cost of $17.24 per share, for a total transaction of $102,750.40.

RBB Bancorp Stock Up 2.1 %

NASDAQ:RBB traded up $0.36 during mid-day trading on Tuesday, reaching $17.46. The company’s stock had a trading volume of 39,933 shares, compared to its average volume of 45,906. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. RBB Bancorp has a 1 year low of $16.54 and a 1 year high of $25.30. The stock has a fifty day moving average of $19.42 and a 200-day moving average of $21.78. The firm has a market capitalization of $308.92 million, a PE ratio of 11.96 and a beta of 0.97.

RBB Bancorp (NASDAQ:RBB) last announced 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 return on equity of 5.21% and a net margin of 11.49%. Equities research analysts forecast that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently commented on RBB shares. Keefe, Bruyette & Woods cut their price target on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating on the stock 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 research note on Wednesday, February 5th. Finally, Piper Sandler lowered 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.

Institutional Investors Weigh In On RBB Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings 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 in the last quarter. Tower Research Capital LLC TRC grew its position in shares of RBB Bancorp by 195.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company’s stock worth $36,000 after buying an additional 1,149 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of RBB Bancorp by 20.0% during the 4th quarter. SG Americas Securities LLC now owns 6,992 shares of the company’s stock worth $143,000 after acquiring an additional 1,167 shares in the last quarter. MetLife Investment Management LLC lifted its position in RBB Bancorp by 14.9% during the fourth quarter. MetLife Investment Management LLC now owns 10,315 shares of the company’s stock valued at $211,000 after acquiring an additional 1,336 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in RBB Bancorp during the fourth quarter valued at approximately $29,000. 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.