Analysts Set RBB Bancorp (NASDAQ:RBB) Price Target at $22.33

by · The Markets Daily

RBB Bancorp (NASDAQ:RBB – Get Free Report) has been assigned a consensus recommendation of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $22.3333.

Several equities analysts have weighed in on RBB shares. Zacks Research raised RBB Bancorp from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RBB Bancorp in a report on Friday, October 31st. Keefe, Bruyette & Woods increased their price target on shares of RBB Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, October 22nd. Piper Sandler raised their price objective on RBB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, October 22nd. Finally, Wall Street Zen downgraded shares of RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th.

View Our Latest Research Report on RBB Bancorp

RBB Bancorp Price Performance

RBB stock opened at $22.28 on Friday. The company has a 50 day simple moving average of $19.37 and a 200 day simple moving average of $18.84. RBB Bancorp has a 1 year low of $14.40 and a 1 year high of $23.50. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market cap of $379.81 million, a price-to-earnings ratio of 14.95 and a beta of 1.08.

RBB Bancorp (NASDAQ:RBB – Get Free Report) last posted its quarterly earnings data on Monday, October 20th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.18. RBB Bancorp had a net margin of 11.12% and a return on equity of 5.10%. The company had revenue of $32.57 million for the quarter, compared to analyst estimates of $31.72 million. During the same period in the prior year, the firm posted $0.39 EPS. Research analysts anticipate that RBB Bancorp will post 1.63 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Friday, October 31st were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $0.64 dividend on an annualized basis and a yield of 2.9%. RBB Bancorp’s dividend payout ratio (DPR) is presently 42.95%.

Institutional Trading of RBB Bancorp

Large investors have recently bought and sold shares of the company. First Trust Advisors LP increased its stake in RBB Bancorp by 5.0% during the 2nd quarter. First Trust Advisors LP now owns 11,647 shares of the company’s stock valued at $200,000 after purchasing an additional 555 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of RBB Bancorp by 84.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock worth $31,000 after acquiring an additional 835 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in RBB Bancorp by 17.9% during the third quarter. Public Employees Retirement System of Ohio now owns 6,593 shares of the company’s stock valued at $124,000 after purchasing an additional 1,000 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of RBB Bancorp by 235.0% in the second quarter. PNC Financial Services Group Inc. now owns 3,105 shares of the company’s stock worth $53,000 after purchasing an additional 2,178 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of RBB Bancorp by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 34,985 shares of the company’s stock worth $656,000 after purchasing an additional 2,580 shares in the last quarter. 40.14% of the stock is owned by institutional investors.

RBB Bancorp Company Profile

(Get Free Report)

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.

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