RBB Bancorp (NASDAQ:RBB) Director James Kao Purchases 5,960 Shares of Stock

RBB Bancorp (NASDAQ:RBB) Director James Kao bought 5,960 shares of the company’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $17.24 per share, for a total transaction of $102,750.40. Following the transaction, the director now owns 557,823 shares in the company, valued at $9,616,868.52. The trade was a 1.08 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

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

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

RBB Bancorp Stock Performance

RBB opened at $17.46 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a fifty day moving average price of $19.42 and a 200 day moving average price of $21.78. RBB Bancorp has a 1 year low of $16.54 and a 1 year high of $25.30. The stock has a market cap of $308.92 million, a P/E ratio of 11.96 and a beta of 0.97.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, February 3rd. The company reported $0.25 earnings per share (EPS) 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%. Equities research analysts anticipate that RBB Bancorp will post 1.63 earnings per share for the current year.

RBB Bancorp Dividend Announcement

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

Hedge Funds Weigh In On RBB Bancorp

Large investors have recently added to or reduced their stakes in the stock. Rhino Investment Partners Inc grew its position in shares of RBB Bancorp by 231.8% in the fourth quarter. Rhino Investment Partners Inc now owns 513,546 shares of the company’s stock valued at $10,523,000 after purchasing an additional 358,779 shares during the period. Zacks Investment Management acquired a new stake in RBB Bancorp in the 3rd quarter worth about $1,208,000. JPMorgan Chase & Co. increased its stake in RBB Bancorp by 101.2% during the 4th quarter. JPMorgan Chase & Co. now owns 101,131 shares of the company’s stock worth $2,072,000 after buying an additional 50,867 shares in the last quarter. American Century Companies Inc. increased its stake in RBB Bancorp by 12.2% during the 4th quarter. American Century Companies Inc. now owns 343,644 shares of the company’s stock worth $7,041,000 after buying an additional 37,282 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in RBB Bancorp by 222.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,340 shares of the company’s stock worth $847,000 after buying an additional 28,507 shares in the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Keefe, Bruyette & Woods decreased their price objective 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 decreased their price objective on shares of RBB Bancorp from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Piper Sandler decreased their price objective on shares of RBB Bancorp from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th.

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.