RBB Bancorp (NASDAQ:RBB) Short Interest Up 31.7% in January

by · The Cerbat Gem

RBB Bancorp (NASDAQ:RBBGet Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 149,755 shares, a growth of 31.7% from the December 31st total of 113,739 shares. Based on an average daily volume of 45,216 shares, the short-interest ratio is currently 3.3 days. Approximately 0.9% of the shares of the stock are sold short. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 45,216 shares, the short-interest ratio is currently 3.3 days.

Institutional Trading of RBB Bancorp

Several institutional investors have recently made changes to their positions in RBB. Torren Management LLC acquired a new stake in shares of RBB Bancorp during the 4th quarter worth $28,000. BNP Paribas Financial Markets raised its holdings in shares of RBB Bancorp by 84.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,819 shares of the company’s stock worth $31,000 after purchasing an additional 835 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of RBB Bancorp by 235.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,105 shares of the company’s stock valued at $53,000 after purchasing an additional 2,178 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of RBB Bancorp during the 4th quarter worth about $112,000. Finally, CWM LLC grew its holdings in shares of RBB Bancorp by 95.8% during the 3rd quarter. CWM LLC now owns 5,942 shares of the company’s stock worth $111,000 after purchasing an additional 2,908 shares during the period. 40.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RBB. Wall Street Zen cut RBB Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of RBB Bancorp in a report on Wednesday, January 28th. Zacks Research cut shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Piper Sandler increased their price target on shares of RBB Bancorp from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, October 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on RBB Bancorp from $21.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 22nd. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.33.

Read Our Latest Research Report on RBB Bancorp

RBB Bancorp Trading Up 0.7%

RBB stock traded up $0.16 during midday trading on Tuesday, hitting $21.50. The stock had a trading volume of 57,054 shares, compared to its average volume of 55,680. The company’s 50-day moving average price is $21.21 and its 200 day moving average price is $19.79. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $366.58 million, a PE ratio of 11.75 and a beta of 1.10. RBB Bancorp has a 12-month low of $14.40 and a 12-month high of $22.58.

RBB Bancorp (NASDAQ:RBBGet Free Report) last posted its quarterly earnings data on Monday, January 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.10. RBB Bancorp had a return on equity of 6.21% and a net margin of 13.42%.The business had revenue of $32.32 million for the quarter, compared to analysts’ expectations of $33.23 million. On average, equities research analysts predict that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.

RBB Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a $0.64 annualized dividend and a dividend yield of 3.0%. RBB Bancorp’s dividend payout ratio (DPR) is currently 34.97%.

RBB Bancorp Company Profile

(Get Free Report)

RBB Bancorp is a bank holding company headquartered in Los Angeles, California, and the parent of Royal Business Bank. Established in 2008, the company focuses on providing a full range of commercial banking services tailored to small- and medium-sized businesses, professionals and real estate investors. Through its subsidiary, RBB Bancorp delivers deposit products, loan facilities and cash management solutions designed to support operations and growth strategies.

The company’s core offerings include commercial real estate lending, construction and land development loans, Small Business Administration (SBA) lending and trade finance.

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