Maltese Capital Management LLC Reduces Holdings in RBB Bancorp (RBB)

Maltese Capital Management LLC decreased its holdings in RBB Bancorp (NASDAQ:RBB) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,882 shares of the company’s stock after selling 79,418 shares during the period. Maltese Capital Management LLC’s holdings in RBB Bancorp were worth $8,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of RBB. Stifel Financial Corp acquired a new position in shares of RBB Bancorp during the third quarter worth $644,000. EJF Capital LLC acquired a new position in shares of RBB Bancorp during the third quarter worth $12,123,000. Commonwealth Equity Services Inc acquired a new position in shares of RBB Bancorp during the third quarter worth $369,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of RBB Bancorp during the third quarter worth $3,434,000. Finally, Boston Partners acquired a new position in shares of RBB Bancorp during the third quarter worth $3,347,000. Institutional investors and hedge funds own 23.75% of the company’s stock.

RBB Bancorp (NASDAQ:RBB) opened at $25.86 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.12. RBB Bancorp has a 12 month low of $21.26 and a 12 month high of $27.55.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.24%.

RBB has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of RBB Bancorp from a “hold” rating to a “strong-buy” rating and set a $31.00 target price for the company in a research note on Saturday, January 13th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 target price on shares of RBB Bancorp in a research note on Friday, December 22nd.

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

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