Boston Partners trimmed its stake in shares of RBB Bancorp (NASDAQ:RBB) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,489 shares of the company’s stock after selling 8,079 shares during the period. Boston Partners owned about 0.87% of RBB Bancorp worth $3,757,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of RBB. TIAA CREF Investment Management LLC bought a new position in RBB Bancorp in the fourth quarter valued at $162,000. California State Teachers Retirement System bought a new position in RBB Bancorp in the third quarter valued at $140,000. Teachers Advisors LLC grew its position in RBB Bancorp by 49.7% in the fourth quarter. Teachers Advisors LLC now owns 6,576 shares of the company’s stock valued at $180,000 after purchasing an additional 2,182 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new position in RBB Bancorp in the fourth quarter valued at $203,000. Finally, Spark Investment Management LLC bought a new position in RBB Bancorp in the fourth quarter valued at $216,000. Institutional investors and hedge funds own 25.03% of the company’s stock.
In other news, EVP Tsu Te Huang sold 34,746 shares of RBB Bancorp stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $26.46, for a total value of $919,379.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.42% of the company’s stock.
A number of research firms recently weighed in on RBB. Stephens reaffirmed a “buy” rating and issued a $31.00 target price on shares of RBB Bancorp in a research report on Tuesday, April 24th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $35.00 target price on shares of RBB Bancorp in a research report on Tuesday, April 24th. Finally, Zacks Investment Research downgraded shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 28th.
Shares of RBB Bancorp opened at $28.27 on Friday, according to MarketBeat. RBB Bancorp has a one year low of $21.26 and a one year high of $28.72. The stock has a market capitalization of $464.94 million and a PE ratio of 15.53. The company has a quick ratio of 1.04, a current ratio of 1.11 and a debt-to-equity ratio of 0.19.
RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings data on Monday, April 23rd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. RBB Bancorp had a net margin of 31.83% and a return on equity of 12.43%. The company had revenue of $18.90 million during the quarter. research analysts forecast that RBB Bancorp will post 2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, April 27th. This is an increase from RBB Bancorp’s previous quarterly dividend of $0.08. RBB Bancorp’s dividend payout ratio (DPR) is 19.78%.
RBB Bancorp Company Profile
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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