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

RBB Bancorp (NASDAQ:RBB) Director James Kao purchased 3,352 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was bought at an average price of $17.31 per share, with a total value of $58,023.12. Following the purchase, the director now owns 551,863 shares of the company’s stock, valued at approximately $9,552,748.53. The trade was a 0.61 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, February 24th, James Kao purchased 5,960 shares of RBB Bancorp stock. The stock was bought at an average price of $17.24 per share, with a total value of $102,750.40.

RBB Bancorp Stock Down 0.5 %

RBB stock opened at $17.50 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. RBB Bancorp has a 1-year low of $16.54 and a 1-year high of $25.30. The firm has a fifty day moving average price of $19.26 and a two-hundred day moving average price of $21.72. The firm has a market cap of $309.63 million, a price-to-earnings ratio of 11.99 and a beta of 0.97.

RBB Bancorp (NASDAQ:RBB) last released its 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%. Research analysts predict that RBB Bancorp will post 1.63 EPS for the current year.

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Shareholders of record on Friday, January 31st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.64 annualized dividend and a yield of 3.66%. RBB Bancorp’s payout ratio is 43.84%.

Analyst Upgrades and Downgrades

RBB has been the subject of a number of research analyst reports. Stephens dropped their price target 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. Piper Sandler dropped their price target 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. Finally, Keefe, Bruyette & Woods dropped their price target 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.

Hedge Funds Weigh In On RBB Bancorp

Institutional investors have recently modified their holdings of the company. R Squared Ltd bought a new position in shares of RBB Bancorp during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC grew its position in shares of RBB Bancorp by 195.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,738 shares of the company’s stock worth $36,000 after acquiring an additional 1,149 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of RBB Bancorp by 13.5% during the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after acquiring an additional 444 shares during the last quarter. SG Americas Securities LLC grew its position in shares of RBB Bancorp by 20.0% during the fourth 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 during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of RBB Bancorp by 25.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,564 shares of the company’s stock worth $196,000 after acquiring an additional 1,925 shares during the last quarter. 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.