RBB Bancorp (NASDAQ:RBB) CEO Sells $224,010.00 in Stock

RBB Bancorp (NASDAQ:RBB) CEO David Richard Morris sold 9,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the completion of the transaction, the chief executive officer now directly owns 37,722 shares of the company’s stock, valued at $938,900.58. This trade represents a 19.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

RBB Bancorp Stock Performance

Shares of RBB Bancorp stock opened at $24.39 on Friday. The firm has a 50 day simple moving average of $23.12 and a 200 day simple moving average of $21.03. RBB Bancorp has a fifty-two week low of $14.84 and a fifty-two week high of $25.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.09. The firm has a market cap of $431.46 million, a P/E ratio of 13.18 and a beta of 0.95.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $60.17 million during the quarter, compared to the consensus estimate of $28.17 million. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. During the same quarter in the previous year, the company posted $0.63 earnings per share. Sell-side analysts predict that RBB Bancorp will post 1.58 earnings per share for the current fiscal year.

RBB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Thursday, October 31st. RBB Bancorp’s dividend payout ratio is 34.59%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of RBB Bancorp from $21.00 to $21.50 and gave the company a “neutral” rating in a report on Thursday, July 25th. Stephens reissued an “equal weight” rating and issued a $20.00 target price on shares of RBB Bancorp in a report on Tuesday, July 23rd. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.88.

Institutional Investors Weigh In On RBB Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in RBB Bancorp during the 3rd quarter worth $134,000. American Century Companies Inc. grew its stake in shares of RBB Bancorp by 21.9% during the second quarter. American Century Companies Inc. now owns 248,501 shares of the company’s stock worth $4,674,000 after purchasing an additional 44,670 shares during the period. Vanguard Group Inc. increased its holdings in RBB Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 742,411 shares of the company’s stock valued at $13,371,000 after purchasing an additional 4,464 shares during the last quarter. Unison Advisors LLC acquired a new position in RBB Bancorp in the third quarter valued at about $704,000. Finally, Dimensional Fund Advisors LP grew its position in shares of RBB Bancorp by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 697,656 shares of the company’s stock worth $13,122,000 after buying an additional 53,539 shares during the period. 40.14% of the stock is owned by institutional investors.

RBB Bancorp Company Profile

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.