Franklin Resources Inc. Invests $252,000 in RBB Bancorp (NASDAQ:RBB)

Franklin Resources Inc. bought a new stake in RBB Bancorp (NASDAQ:RBB) during the third quarter, HoldingsChannel reports. The firm bought 10,690 shares of the company’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also bought and sold shares of RBB. BNP Paribas Financial Markets boosted its position in RBB Bancorp by 13.5% during the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after purchasing an additional 444 shares during the period. SG Americas Securities LLC bought a new position in shares of RBB Bancorp in the third quarter valued at about $134,000. AQR Capital Management LLC acquired a new stake in shares of RBB Bancorp during the 2nd quarter worth about $244,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of RBB Bancorp during the 3rd quarter worth about $295,000. Finally, Rhumbline Advisers grew its stake in RBB Bancorp by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 25,076 shares of the company’s stock valued at $472,000 after buying an additional 932 shares during the last quarter. Institutional investors own 40.14% of the company’s stock.

Insider Buying and Selling

In other news, CEO David Richard Morris sold 9,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total value of $224,010.00. Following the completion of the sale, the chief executive officer now owns 37,722 shares of the company’s stock, valued at approximately $938,900.58. This represents a 19.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Gary Fan sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $23.45, for a total transaction of $281,400.00. The disclosure for this sale can be found here. 6.63% of the stock is owned by corporate insiders.

RBB Bancorp Stock Performance

Shares of NASDAQ RBB opened at $20.49 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $362.53 million, a price-to-earnings ratio of 11.08 and a beta of 0.96. The stock’s fifty day moving average price is $23.05 and its two-hundred day moving average price is $22.09. RBB Bancorp has a one year low of $16.49 and a one year high of $25.30.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $60.17 million for the quarter, compared to analyst estimates of $28.17 million. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. During the same quarter last year, the company earned $0.63 EPS. On average, equities analysts forecast that RBB Bancorp will post 1.58 EPS for the current year.

RBB Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Thursday, October 31st were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, October 31st. RBB Bancorp’s dividend payout ratio (DPR) is presently 34.59%.

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.