RBB Bancorp (RBB) Given $25.00 Average Target Price by Brokerages

RBB Bancorp (NASDAQ:RBB) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus target price of $25.00 for the company, according to Zacks. Zacks has also given RBB Bancorp an industry rank of 96 out of 256 based on the ratings given to its competitors.

Several research analysts have weighed in on RBB shares. Stephens reiterated a “buy” rating and set a $36.00 price objective on shares of RBB Bancorp in a research report on Tuesday, October 23rd. TheStreet cut RBB Bancorp from a “c-” rating to a “d+” rating in a research report on Friday, November 9th. Finally, Zacks Investment Research cut RBB Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th.

RBB traded up $0.10 during trading hours on Friday, reaching $18.11. The company’s stock had a trading volume of 25,619 shares, compared to its average volume of 61,375. RBB Bancorp has a 52 week low of $17.03 and a 52 week high of $33.62. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.89. The stock has a market cap of $347.30 million, a PE ratio of 9.95 and a beta of 1.22.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings results on Monday, October 22nd. The company reported $0.50 earnings per share for the quarter. The business had revenue of $20.72 million for the quarter. RBB Bancorp had a return on equity of 12.21% and a net margin of 31.64%. Equities analysts forecast that RBB Bancorp will post 2.07 earnings per share for the current year.

In related news, CEO Yee Phong Thian bought 103,537 shares of RBB Bancorp stock in a transaction dated Thursday, November 1st. The shares were bought at an average cost of $9.29 per share, with a total value of $961,858.73. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 27.42% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of RBB Bancorp by 276.4% during the 2nd quarter. Bank of America Corp DE now owns 3,222 shares of the company’s stock worth $104,000 after purchasing an additional 2,366 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in RBB Bancorp by 9.1% in the third quarter. Bank of New York Mellon Corp now owns 58,569 shares of the company’s stock valued at $1,435,000 after buying an additional 4,861 shares in the last quarter. SG Americas Securities LLC acquired a new stake in RBB Bancorp in the third quarter valued at about $229,000. MetLife Investment Advisors LLC acquired a new stake in RBB Bancorp in the third quarter valued at about $255,000. Finally, Virtu Financial LLC acquired a new stake in RBB Bancorp in the third quarter valued at about $260,000. 29.18% of the stock is currently owned by institutional investors.

RBB Bancorp Company Profile

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities. Its deposit products include checking, savings, and money market accounts; and certificates of deposits. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.

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