EJF Capital LLC Acquires New Holdings in RBB Bancorp (RBB)

EJF Capital LLC acquired a new stake in shares of RBB Bancorp (NASDAQ:RBB) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 529,605 shares of the company’s stock, valued at approximately $12,123,000. EJF Capital LLC owned 3.35% of RBB Bancorp as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. California State Teachers Retirement System bought a new position in RBB Bancorp in the third quarter valued at approximately $140,000. Harbor Advisors LLC bought a new position in RBB Bancorp in the third quarter valued at approximately $229,000. Pillar Pacific Capital Management LLC bought a new position in RBB Bancorp in the third quarter valued at approximately $357,000. Commonwealth Equity Services Inc bought a new position in RBB Bancorp in the third quarter valued at approximately $369,000. Finally, Stifel Financial Corp bought a new position in RBB Bancorp in the third quarter valued at approximately $644,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Shares of RBB Bancorp (NASDAQ:RBB) opened at $25.97 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. RBB Bancorp has a 1 year low of $21.26 and a 1 year high of $26.00.

The firm also recently disclosed a special dividend, which was paid on Thursday, November 30th. Stockholders of record on Tuesday, October 31st were given a $0.08 dividend. The ex-dividend date was Monday, October 30th.

RBB has been the topic of a number of research reports. Zacks Investment Research raised shares of RBB Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Friday, November 17th. Sandler O’Neill initiated coverage on shares of RBB Bancorp in a research note on Monday, August 21st. They issued a “buy” rating and a $25.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on shares of RBB Bancorp in a research note on Monday, August 21st. They issued an “outperform” rating and a $25.00 price target on the stock. Finally, Stephens initiated coverage on shares of RBB Bancorp in a research note on Tuesday, August 29th. They issued an “overweight” rating on the stock.

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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.

Institutional Ownership by Quarter for RBB Bancorp (NASDAQ:RBB)

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