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

RBB Bancorp (NASDAQ:RBB) Director James Kao purchased 612 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of $17.36 per share, for a total transaction of $10,624.32. Following the completion of the transaction, the director now directly owns 558,820 shares of the company’s stock, valued at approximately $9,701,115.20. This trade represents a 0.11 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 bought 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 bought at an average price of $17.31 per share, for a total transaction of $58,023.12.

RBB Bancorp Stock Performance

NASDAQ RBB opened at $17.43 on Wednesday. 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 twelve month low of $16.54 and a twelve month high of $25.30. The business has a 50-day moving average price of $19.12 and a 200-day moving average price of $21.67. The firm has a market cap of $308.39 million, a price-to-earnings ratio of 11.94 and a beta of 0.97.

RBB Bancorp (NASDAQ:RBB) last posted 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%. As a group, equities research analysts predict that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.64 annualized dividend and a yield of 3.67%. RBB Bancorp’s payout ratio is 43.84%.

Analysts Set New Price Targets

Several research firms have recently commented on RBB. Stephens decreased their price objective on 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. Keefe, Bruyette & Woods decreased their target price on shares of RBB Bancorp from $26.00 to $22.00 and set a “market perform” rating on the stock in a research note on Friday, February 7th. Finally, 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 report on Wednesday, February 5th.

Institutional Trading of RBB Bancorp

Hedge funds have recently bought and sold shares of the stock. Rhino Investment Partners Inc grew its position in shares of RBB Bancorp by 231.8% during 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 in the last quarter. Zacks Investment Management bought a new position in RBB Bancorp during the third quarter valued at $1,208,000. JPMorgan Chase & Co. grew its stake in shares of RBB Bancorp by 101.2% in 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. grew its stake in shares of RBB Bancorp by 12.2% in 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 holdings in shares of RBB Bancorp by 222.1% in 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 during the last quarter. Hedge funds and other 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.