SG Americas Securities LLC Purchases New Shares in RBB Bancorp (NASDAQ:RBB)

SG Americas Securities LLC acquired a new stake in RBB Bancorp (NASDAQ:RBB) in the third quarter, Holdings Channel reports. The institutional investor acquired 5,825 shares of the company’s stock, valued at approximately $134,000.

A number of other large investors have also modified their holdings of the company. CWM LLC grew its position in shares of RBB Bancorp by 21.7% during the 2nd quarter. CWM LLC now owns 4,594 shares of the company’s stock valued at $86,000 after acquiring an additional 818 shares during the period. Rhumbline Advisers grew its holdings in RBB Bancorp by 3.9% in the second quarter. Rhumbline Advisers now owns 25,076 shares of the company’s stock valued at $472,000 after purchasing an additional 932 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of RBB Bancorp by 4.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 45,707 shares of the company’s stock valued at $823,000 after buying an additional 2,105 shares in the last quarter. Empowered Funds LLC raised its stake in shares of RBB Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 46,818 shares of the company’s stock worth $843,000 after buying an additional 3,500 shares during the period. Finally, Quadrature Capital Ltd raised its stake in shares of RBB Bancorp by 29.8% during the 1st quarter. Quadrature Capital Ltd now owns 16,884 shares of the company’s stock worth $304,000 after buying an additional 3,880 shares during the period. Institutional investors and hedge funds own 40.14% of the company’s stock.

Wall Street Analyst Weigh In

RBB has been the subject of several recent analyst reports. Stephens reissued an “equal weight” rating and issued a $20.00 price target on shares of RBB Bancorp in a report on Tuesday, July 23rd. Hovde Group reiterated a “market perform” rating and issued a $20.00 target price on shares of RBB Bancorp in a research report on Monday, July 15th. Finally, Piper Sandler upped their price target on shares of RBB Bancorp from $21.00 to $21.50 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.88.

RBB Bancorp Stock Down 2.6 %

NASDAQ RBB opened at $22.13 on Friday. The business has a fifty day moving average price of $22.76 and a 200 day moving average price of $20.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $408.08 million, a P/E ratio of 9.71 and a beta of 0.95. RBB Bancorp has a one year low of $11.15 and a one year high of $24.50.

RBB Bancorp (NASDAQ:RBB) last released its earnings results on Monday, October 21st. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $60.17 million during the quarter, compared to analyst estimates of $28.17 million. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Research analysts anticipate that RBB Bancorp will post 1.59 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.64 dividend on an annualized basis and a yield of 2.89%. RBB Bancorp’s payout ratio is 28.07%.

RBB Bancorp Profile

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.