RBB Bancorp (RBB) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of RBB Bancorp (NASDAQ:RBB) from a hold rating to a sell rating in a report released on Monday, February 4th.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of RBB Bancorp from a sell rating to a hold rating in a report on Tuesday, December 25th. TheStreet cut shares of RBB Bancorp from a c- rating to a d+ rating in a report on Friday, November 9th. Finally, Stephens restated a buy rating and set a $36.00 target price on shares of RBB Bancorp in a report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $34.67.

RBB Bancorp stock opened at $22.18 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $415.44 million, a PE ratio of 10.41 and a beta of 1.17. RBB Bancorp has a 12-month low of $17.03 and a 12-month high of $33.62.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Monday, January 28th. The company reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $31.07 million during the quarter. RBB Bancorp had a net margin of 31.77% and a return on equity of 12.70%. As a group, sell-side analysts anticipate that RBB Bancorp will post 2.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Monday, February 4th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.80%. This is a boost from RBB Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, February 1st. RBB Bancorp’s dividend payout ratio (DPR) is presently 18.78%.

A number of large investors have recently modified their holdings of RBB. Bank of America Corp DE lifted its position in shares of RBB Bancorp by 276.4% in the 2nd quarter. Bank of America Corp DE now owns 3,222 shares of the company’s stock valued at $104,000 after acquiring an additional 2,366 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of RBB Bancorp by 356.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,745 shares of the company’s stock valued at $83,000 after acquiring an additional 3,706 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of RBB Bancorp in the 3rd quarter valued at approximately $229,000. MetLife Investment Advisors LLC purchased a new stake in shares of RBB Bancorp in the 3rd quarter valued at approximately $255,000. Finally, Virtu Financial LLC purchased a new stake in shares of RBB Bancorp in the 3rd quarter valued at approximately $260,000. Hedge funds and other institutional investors own 28.45% of the company’s stock.

About RBB Bancorp

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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