RBB Bancorp (RBB) Given $25.50 Consensus Target Price by Analysts
RBB Bancorp (NASDAQ:RBB) has been assigned a consensus broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company.
Brokerages have set a one year consensus price target of $25.50 for the company, according to Zacks. Zacks has also assigned RBB Bancorp an industry rank of 113 out of 265 based on the ratings given to related companies.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of RBB Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Friday, November 17th. Stephens initiated coverage on shares of RBB Bancorp in a research report on Tuesday, August 29th. They issued an “overweight” rating for the company. Keefe, Bruyette & Woods initiated coverage on shares of RBB Bancorp in a research report on Monday, August 21st. They issued an “outperform” rating and a $25.00 price objective for the company. Finally, Sandler O’Neill initiated coverage on shares of RBB Bancorp in a research report on Monday, August 21st. They issued a “buy” rating and a $25.00 price objective for the company.
The company also recently announced a special dividend, which was paid on Thursday, November 30th. Stockholders of record on Tuesday, October 31st were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, October 30th.
A number of institutional investors and hedge funds have recently bought and sold shares of RBB. EJF Capital LLC acquired a new stake in RBB Bancorp in the third quarter valued at $12,123,000. Maltese Capital Management LLC acquired a new stake in RBB Bancorp in the third quarter valued at $8,591,000. Emerald Mutual Fund Advisers Trust acquired a new stake in RBB Bancorp in the third quarter valued at $3,434,000. Boston Partners acquired a new stake in RBB Bancorp in the third quarter valued at $3,347,000. Finally, Stifel Financial Corp acquired a new stake in RBB Bancorp in the third quarter valued at $644,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.
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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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