RBB Bancorp (NASDAQ:RBB)‘s stock had its “outperform” rating reaffirmed by analysts at FIG Partners in a report issued on Friday, Zacks.com reports.
Several other analysts also recently weighed in on RBB. Zacks Investment Research upgraded RBB Bancorp from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, March 12th. ValuEngine downgraded RBB Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. RBB Bancorp presently has an average rating of “Buy” and an average price target of $31.33.
Shares of NASDAQ:RBB opened at $19.11 on Friday. RBB Bancorp has a 1 year low of $17.03 and a 1 year high of $33.62. The stock has a market cap of $391.57 million, a P/E ratio of 8.97 and a beta of 1.23. The company has a current ratio of 1.27, a quick ratio of 1.06 and a debt-to-equity ratio of 1.16.
RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, January 28th. The company reported $0.47 earnings per share (EPS) for the quarter. RBB Bancorp had a return on equity of 11.78% and a net margin of 31.77%. The company had revenue of $31.07 million for the quarter. Research analysts expect that RBB Bancorp will post 2.17 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Cox Capital Mgt LLC grew its stake in RBB Bancorp by 9.7% during the 4th quarter. Cox Capital Mgt LLC now owns 11,805 shares of the company’s stock valued at $215,000 after purchasing an additional 1,047 shares during the last quarter. Boston Partners boosted its stake in shares of RBB Bancorp by 1.8% in the fourth quarter. Boston Partners now owns 123,523 shares of the company’s stock worth $2,170,000 after buying an additional 2,242 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of RBB Bancorp by 356.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,745 shares of the company’s stock worth $83,000 after buying an additional 3,706 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of RBB Bancorp by 87.4% in the fourth quarter. Bank of America Corp DE now owns 9,647 shares of the company’s stock worth $170,000 after buying an additional 4,500 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of RBB Bancorp by 9.1% in the third quarter. Bank of New York Mellon Corp now owns 58,569 shares of the company’s stock worth $1,435,000 after buying an additional 4,861 shares during the last quarter. Institutional investors and hedge funds own 29.76% of the company’s stock.
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 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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