Quantinno Capital Management LP Boosts Position in RBB Bancorp $RBB

Quantinno Capital Management LP raised its position in RBB Bancorp (NASDAQ:RBB) by 47.9% during the 1st quarter, Holdings Channel reports. The firm owned 66,144 shares of the company’s stock after acquiring an additional 21,434 shares during the quarter. Quantinno Capital Management LP’s holdings in RBB Bancorp were worth $1,413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in RBB Bancorp by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 830,214 shares of the company’s stock valued at $17,742,000 after acquiring an additional 16,695 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of RBB Bancorp by 4.2% in the second quarter. Geode Capital Management LLC now owns 362,884 shares of the company’s stock valued at $6,246,000 after purchasing an additional 14,751 shares in the last quarter. State Street Corp grew its position in shares of RBB Bancorp by 0.5% in the fourth quarter. State Street Corp now owns 320,706 shares of the company’s stock valued at $6,619,000 after purchasing an additional 1,550 shares during the last quarter. Hillsdale Investment Management Inc. grew its position in shares of RBB Bancorp by 48.2% in the first quarter. Hillsdale Investment Management Inc. now owns 221,400 shares of the company’s stock valued at $4,731,000 after purchasing an additional 72,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of RBB Bancorp by 80.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 200,190 shares of the company’s stock worth $3,756,000 after purchasing an additional 89,035 shares in the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

Insider Buying and Selling

In other RBB Bancorp news, Director David Richard Morris sold 1,946 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $23.99, for a total transaction of $46,684.54. Following the transaction, the director owned 43,422 shares of the company’s stock, valued at $1,041,693.78. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gary Fan sold 2,368 shares of RBB Bancorp stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $24.01, for a total transaction of $56,855.68. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.78% of the company’s stock.

RBB Bancorp Trading Up 0.7%

NASDAQ RBB opened at $27.52 on Friday. RBB Bancorp has a 12 month low of $16.74 and a 12 month high of $28.24. The company has a 50-day moving average of $26.37 and a 200-day moving average of $23.79. 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 company has a market cap of $465.64 million, a P/E ratio of 11.33 and a beta of 1.03.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, July 20th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. RBB Bancorp had a net margin of 17.26% and a return on equity of 7.99%. The business had revenue of $33.10 million for the quarter, compared to analysts’ expectations of $33.17 million. As a group, equities analysts predict that RBB Bancorp will post 2.37 earnings per share for the current year.

RBB Bancorp announced that its board has initiated a share buyback plan on Monday, June 15th that permits the company to buyback 1,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

RBB Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.64 dividend on an annualized basis and a yield of 2.3%. RBB Bancorp’s dividend payout ratio (DPR) is currently 26.34%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on RBB. Zacks Research lowered RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Hovde Group upgraded RBB Bancorp from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $26.00 to $29.00 in a research report on Tuesday, June 16th. Stephens increased their price objective on RBB Bancorp from $26.00 to $29.00 and gave the company a “positive” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised shares of RBB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, RBB Bancorp has a consensus rating of “Moderate Buy” and an average price target of $25.50.

RBB Bancorp 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.