Zacks Investment Research lowered shares of RBB Bancorp (NASDAQ:RBB) from a buy rating to a hold rating in a report issued on Wednesday, December 27th.
According to Zacks, “RBB Bancorp 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 and RBB Asset Management Company. The Bank offers personal and commercial banking, real estate loans, and investment services, as well as deposits, debit and credit cards, cash management and other related services. It operates primarily in Los Angeles, San Gabriel, Torrance, Rowland Heights, Westlake Village, Oxnard, Monterey Park, Diamond Bar, Cerritos, West LA, Arcadia, Silverlake, California and Las Vegas, Nevada. RBB Bancorp is headquartered in Los Angeles, California. “
RBB has been the subject of several other research reports. Stephens began coverage on RBB Bancorp in a research report on Tuesday, August 29th. They issued an overweight rating for the company. Keefe, Bruyette & Woods reissued a buy rating and issued a $30.00 target price on shares of RBB Bancorp in a research report on Friday, December 22nd.
Shares of RBB Bancorp (RBB) opened at $26.88 on Wednesday. RBB Bancorp has a fifty-two week low of $21.26 and a fifty-two week high of $27.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.12 and a quick ratio of 1.03.
Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System bought a new position in shares of RBB Bancorp during the 3rd quarter valued at approximately $140,000. Harbor Advisors LLC bought a new position in shares of RBB Bancorp during the 3rd quarter valued at approximately $229,000. Pillar Pacific Capital Management LLC bought a new position in shares of RBB Bancorp during the 3rd quarter valued at approximately $357,000. Commonwealth Equity Services Inc bought a new position in shares of RBB Bancorp during the 3rd quarter valued at approximately $369,000. Finally, Stifel Financial Corp bought a new position in RBB Bancorp in the 3rd quarter worth approximately $644,000. Institutional investors own 23.80% of the company’s stock.
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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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