GSA Capital Partners LLP Buys New Position in RBB Bancorp $RBB

GSA Capital Partners LLP purchased a new position in shares of RBB Bancorp (NASDAQ:RBB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,854 shares of the company’s stock, valued at approximately $928,000. GSA Capital Partners LLP owned approximately 0.20% of RBB Bancorp at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hillsdale Investment Management Inc. purchased a new position in RBB Bancorp during the 4th quarter worth $3,084,000. North Reef Capital Management LP bought a new position in shares of RBB Bancorp during the first quarter valued at about $1,371,000. Walleye Capital LLC purchased a new position in RBB Bancorp during the second quarter worth about $1,256,000. Quantinno Capital Management LP grew its position in RBB Bancorp by 47.9% in the 1st quarter. Quantinno Capital Management LP now owns 66,144 shares of the company’s stock worth $1,413,000 after purchasing an additional 21,434 shares in the last quarter. Finally, Azora Capital LP purchased a new stake in RBB Bancorp in the 4th quarter valued at about $638,000. 40.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RBB Bancorp

In other RBB Bancorp news, Director David Richard Morris sold 1,946 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $23.99, for a total transaction of $46,684.54. Following the completion of the transaction, the director owned 43,422 shares in the company, valued at $1,041,693.78. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary Fan sold 2,368 shares of RBB Bancorp stock in a transaction dated Tuesday, May 26th. The stock was 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. Insiders own 6.78% of the company’s stock.

RBB Bancorp Trading Down 0.3%

Shares of RBB stock opened at $27.25 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.55. The firm has a market cap of $461.07 million, a P/E ratio of 11.21 and a beta of 1.03. The company has a 50 day moving average of $26.56 and a 200-day moving average of $23.92. RBB Bancorp has a 12-month low of $16.74 and a 12-month high of $28.24.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Monday, July 20th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The business had revenue of $33.10 million during the quarter, compared to analyst estimates of $33.17 million. RBB Bancorp had a return on equity of 7.94% and a net margin of 17.26%. Sell-side analysts anticipate that RBB Bancorp will post 2.37 earnings per share for the current year.

RBB Bancorp declared that its board has approved a share buyback program on Monday, June 15th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

RBB Bancorp Dividend Announcement

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

Analyst Ratings Changes

RBB has been the topic of a number of research analyst reports. Zacks Research downgraded RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Weiss Ratings raised RBB Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Stephens boosted their price objective on RBB Bancorp from $26.00 to $29.00 and gave the stock a “positive” rating in a research report on Thursday, July 23rd. Finally, 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 note on Tuesday, June 16th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, RBB Bancorp has an average rating of “Moderate Buy” and a consensus target price of $25.50.

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.