SG Americas Securities LLC Increases Stock Holdings in RBB Bancorp (NASDAQ:RBB)

SG Americas Securities LLC increased its position in shares of RBB Bancorp (NASDAQ:RBB) by 20.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,992 shares of the company’s stock after acquiring an additional 1,167 shares during the period. SG Americas Securities LLC’s holdings in RBB Bancorp were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of 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 last quarter. Empowered Funds LLC grew its stake in RBB Bancorp by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 53,098 shares of the company’s stock worth $1,222,000 after buying an additional 2,680 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of RBB Bancorp by 50.9% in the 3rd quarter. Jane Street Group LLC now owns 27,582 shares of the company’s stock worth $635,000 after buying an additional 9,305 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of RBB Bancorp during the 3rd quarter valued at $252,000. Finally, State Street Corp lifted its holdings in shares of 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. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

RBB Bancorp Trading Down 1.7 %

Shares of RBB stock opened at $18.26 on Tuesday. The stock has a market capitalization of $323.02 million, a P/E ratio of 12.51 and a beta of 0.97. 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 firm’s 50 day moving average is $20.70 and its 200 day moving average is $22.12. RBB Bancorp has a 12-month low of $16.54 and a 12-month 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 return on equity of 5.21% and a net margin of 11.49%. Research analysts expect that RBB Bancorp will post 1.62 earnings per share for the current year.

RBB Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Friday, January 31st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, January 31st. RBB Bancorp’s dividend payout ratio (DPR) is 43.84%.

Insider Buying and Selling

In other news, CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total value of $224,010.00. Following the sale, the chief executive officer now directly owns 37,722 shares in the company, valued at $938,900.58. The trade was a 19.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gary Fan sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $23.45, for a total value of $281,400.00. The disclosure for this sale can be found here. 6.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

RBB has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their price objective on RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating on the stock in a report on Friday. Stephens cut their price target 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 lowered their price target 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.

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.