RBB Bancorp (NASDAQ:RBB) Stock Rating Upgraded by TheStreet

RBB Bancorp (NASDAQ:RBB) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a note issued to investors on Monday, June 24th, TheStreetRatingsTable reports.

Several other equities analysts also recently weighed in on RBB. Zacks Investment Research upgraded Icon from a “hold” rating to a “buy” rating and set a $157.00 target price on the stock in a research report on Thursday, May 30th. FIG Partners reaffirmed an “outperform” rating on shares of RBB Bancorp in a report on Friday, April 12th. Finally, Sandler O’Neill cut BankUnited from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. RBB Bancorp presently has a consensus rating of “Hold” and an average target price of $26.50.

NASDAQ:RBB traded up $0.24 during mid-day trading on Monday, hitting $19.40. 41,800 shares of the company’s stock traded hands, compared to its average volume of 38,896. The company has a market cap of $389.64 million, a P/E ratio of 9.10 and a beta of 1.09. RBB Bancorp has a twelve month low of $17.03 and a twelve month high of $32.71. The stock has a fifty day moving average of $19.31. The company has a quick ratio of 1.08, a current ratio of 1.25 and a debt-to-equity ratio of 1.01.

RBB Bancorp (NASDAQ:RBB) last posted its earnings results on Monday, April 22nd. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). The company had revenue of $30.11 million for the quarter, compared to analyst estimates of $31.36 million. RBB Bancorp had a return on equity of 11.28% and a net margin of 28.46%. Analysts expect that RBB Bancorp will post 2.1 earnings per share for the current year.

In other RBB Bancorp news, Director James Kao purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of $188,000.00 per share, with a total value of $1,880,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 23.92% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Cox Capital Mgt LLC lifted its stake in RBB Bancorp by 5.6% in the second quarter. Cox Capital Mgt LLC now owns 12,598 shares of the company’s stock valued at $244,000 after acquiring an additional 672 shares during the last quarter. Context BH Capital Management LP raised its position in shares of RBB Bancorp by 2.7% in the first quarter. Context BH Capital Management LP now owns 288,321 shares of the company’s stock valued at $5,420,000 after purchasing an additional 7,650 shares during the period. Globeflex Capital L P raised its position in shares of RBB Bancorp by 18.5% in the first quarter. Globeflex Capital L P now owns 22,271 shares of the company’s stock valued at $419,000 after purchasing an additional 3,471 shares during the period. Boston Partners raised its position in shares of RBB Bancorp by 3.5% in the first quarter. Boston Partners now owns 127,867 shares of the company’s stock valued at $2,404,000 after purchasing an additional 4,344 shares during the period. Finally, Wedge Capital Management L L P NC raised its position in shares of RBB Bancorp by 26.6% in the first quarter. Wedge Capital Management L L P NC now owns 66,153 shares of the company’s stock valued at $1,244,000 after purchasing an additional 13,900 shares during the period. 29.98% of the stock is owned by institutional investors and hedge funds.

About RBB Bancorp

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.

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