Positive News Coverage Somewhat Unlikely to Affect RBB Bancorp (RBB) Stock Price
Press coverage about RBB Bancorp (NASDAQ:RBB) has been trending positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. RBB Bancorp earned a coverage optimism score of 0.32 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.2960436896635 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
RBB has been the subject of several analyst reports. Stephens initiated coverage on shares of RBB Bancorp in a research report on Tuesday, August 29th. They set an “overweight” rating and a $25.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on shares of RBB Bancorp in a research report on Monday, August 21st. They set an “outperform” rating and a $25.00 price target for the company. Zacks Investment Research upgraded shares of RBB Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Friday, November 17th. Finally, Sandler O’Neill initiated coverage on shares of RBB Bancorp in a research report on Monday, August 21st. They set a “buy” rating and a $25.00 price target for the company.
Shares of RBB Bancorp (RBB) opened at $24.08 on Friday. RBB Bancorp has a 1 year low of $21.26 and a 1 year high of $25.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.12.
The firm also recently declared a special dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.08 per share. The ex-dividend date is Monday, October 30th.
About RBB Bancorp
RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank.
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