RBB Bancorp (NASDAQ:RBB) EVP Tsu Te Huang sold 34,746 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $26.46, for a total value of $919,379.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
RBB Bancorp (NASDAQ:RBB) opened at $26.58 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.12. RBB Bancorp has a 52-week low of $21.26 and a 52-week high of $27.55.
RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings results on Monday, January 22nd. The company reported $0.43 earnings per share for the quarter. The company had revenue of $21.69 million for the quarter. equities research analysts predict that RBB Bancorp will post 2 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp purchased a new stake in RBB Bancorp in the third quarter worth $644,000. EJF Capital LLC purchased a new stake in RBB Bancorp in the third quarter worth $12,123,000. Maltese Capital Management LLC purchased a new stake in RBB Bancorp in the third quarter worth $8,591,000. Commonwealth Equity Services Inc purchased a new stake in RBB Bancorp in the third quarter worth $369,000. Finally, Spark Investment Management LLC purchased a new stake in RBB Bancorp in the fourth quarter worth $216,000. Institutional investors own 25.14% of the company’s stock.
Several research firms have weighed in on RBB. Keefe, Bruyette & Woods restated a “buy” rating and issued a $30.00 price target on shares of RBB Bancorp in a research note on Friday, December 22nd. Zacks Investment Research downgraded RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 28th.
ILLEGAL ACTIVITY WARNING: This piece was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://ledgergazette.com/2018/03/20/rbb-bancorp-rbb-evp-tsu-te-huang-sells-34746-shares.html.
RBB Bancorp Company Profile
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.
Receive News & Ratings for RBB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.