RBB Bancorp (RBB) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

RBB Bancorp (NASDAQ:RBB)‘s stock had its “buy” rating reissued by research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday. They currently have a $30.00 price objective on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 9.65% from the stock’s current price.

Several other brokerages also recently weighed in on RBB. Stephens began coverage on shares of RBB Bancorp in a report on Tuesday, August 29th. They issued an “overweight” rating on the stock. Zacks Investment Research raised shares of RBB Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Friday, November 17th.

RBB Bancorp (NASDAQ:RBB) opened at $27.36 on Friday. RBB Bancorp has a 52-week low of $21.26 and a 52-week high of $27.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.12 and a quick ratio of 1.03. The company has a market cap of $431.85 and a price-to-earnings ratio of 16.99.

A number of institutional investors and hedge funds have recently made changes to their positions in RBB. Harbor Advisors LLC purchased a new stake in shares of RBB Bancorp during the third quarter worth about $229,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of RBB Bancorp during the third quarter worth about $3,434,000. Pillar Pacific Capital Management LLC purchased a new stake in shares of RBB Bancorp during the third quarter worth about $357,000. Boston Partners purchased a new stake in shares of RBB Bancorp during the third quarter worth about $3,347,000. Finally, Commonwealth Equity Services Inc purchased a new stake in shares of RBB Bancorp during the third quarter worth about $369,000. Institutional investors own 23.80% of the company’s 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.

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