RBB Bancorp (NASDAQ:RBB) Director David Richard Morris Sells 1,946 Shares

RBB Bancorp (NASDAQ:RBB) Director David Richard Morris sold 1,946 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $23.99, for a total value of $46,684.54. Following the sale, the director directly owned 43,422 shares of the company’s stock, valued at approximately $1,041,693.78. This trade represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

David Richard Morris also recently made the following trade(s):

• On Monday, May 4th, David Richard Morris sold 4,500 shares of RBB Bancorp stock. The stock was sold at an average price of $23.90, for a total value of $107,550.00.

RBB Bancorp Stock Performance

RBB Bancorp stock opened at $24.25 on Tuesday. The company has a market cap of $410.80 million, a price-to-earnings ratio of 10.28 and a beta of 1.05. RBB Bancorp has a 12 month low of $15.94 and a 12 month high of $24.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average is $23.23 and its 200-day moving average is $21.97.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, April 20th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.21. RBB Bancorp had a return on equity of 7.85% and a net margin of 16.76%.The business had revenue of $34.75 million during the quarter, compared to analysts’ expectations of $32.38 million. Equities analysts anticipate that RBB Bancorp will post 2.35 earnings per share for the current year.

RBB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $0.64 annualized dividend and a dividend yield of 2.6%. RBB Bancorp’s dividend payout ratio is presently 27.12%.

Analyst Ratings Changes

RBB has been the topic of several recent research reports. Weiss Ratings upgraded shares of RBB Bancorp from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Zacks Research raised RBB Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Hovde Group boosted their price objective on RBB Bancorp from $23.00 to $26.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.33.

Institutional Investors Weigh In On RBB Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. acquired a new position in shares of RBB Bancorp in the 4th quarter valued at approximately $3,084,000. Arrowstreet Capital Limited Partnership grew its position in shares of RBB Bancorp by 80.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 200,190 shares of the company’s stock worth $3,756,000 after buying an additional 89,035 shares in the last quarter. North Reef Capital Management LP acquired a new stake in shares of RBB Bancorp during the first quarter worth approximately $1,371,000. Millennium Management LLC increased its stake in shares of RBB Bancorp by 213.9% in the third quarter. Millennium Management LLC now owns 64,005 shares of the company’s stock worth $1,201,000 after buying an additional 43,617 shares during the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in RBB Bancorp in the fourth quarter valued at $856,000. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

RBB Bancorp Company Profile

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.