RBB Bancorp (RBB) Hits New 52-Week High at $26.16

Shares of RBB Bancorp (NASDAQ:RBB) reached a new 52-week high during trading on Tuesday . The company traded as high as $26.16 and last traded at $25.97, with a volume of 45500 shares traded. The stock had previously closed at $25.26.

A number of analysts have recently commented on RBB shares. Stephens started coverage on shares of RBB Bancorp in a research note on Tuesday, August 29th. They set an “overweight” rating for the company. Sandler O’Neill initiated coverage on shares of RBB Bancorp in a research report on Monday, August 21st. They set 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 report on Monday, August 21st. They set an “outperform” rating and a $25.00 price target on the stock. Finally, Zacks Investment Research upgraded 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 report on Friday, November 17th.

The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.20.

The firm also recently declared a special dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, October 31st were given a dividend of $0.08 per share. The ex-dividend date was Monday, October 30th. RBB Bancorp’s payout ratio is presently 4.97%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Maltese Capital Management LLC acquired a new position in RBB Bancorp in the 3rd quarter valued at about $8,591,000. EJF Capital LLC acquired a new position in RBB Bancorp in the 3rd quarter valued at about $12,123,000. California State Teachers Retirement System acquired a new position in RBB Bancorp in the 3rd quarter valued at about $140,000. Stifel Financial Corp acquired a new position in RBB Bancorp in the 3rd quarter valued at about $644,000. Finally, Commonwealth Equity Services Inc acquired a new position in RBB Bancorp in the 3rd quarter valued at about $369,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

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RBB Bancorp Company Profile

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.

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