RBB Bancorp (NASDAQ:RBB) Short Interest Update
by Kim Johansen · The Markets DailyRBB Bancorp (NASDAQ:RBB – Get Free Report) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 113,739 shares, a decrease of 38.0% from the December 15th total of 183,356 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 51,161 shares, the days-to-cover ratio is currently 2.2 days. Based on an average trading volume of 51,161 shares, the days-to-cover ratio is currently 2.2 days. Currently, 0.7% of the company’s stock are sold short.
Institutional Investors Weigh In On RBB Bancorp
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fourthstone LLC purchased a new stake in shares of RBB Bancorp during the second quarter worth $2,830,000. Arrowstreet Capital Limited Partnership lifted its stake in RBB Bancorp by 80.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 200,190 shares of the company’s stock worth $3,756,000 after purchasing an additional 89,035 shares in the last quarter. Millennium Management LLC lifted its stake in RBB Bancorp by 213.9% in the 3rd quarter. Millennium Management LLC now owns 64,005 shares of the company’s stock worth $1,201,000 after purchasing an additional 43,617 shares in the last quarter. First Trust Advisors LP boosted its holdings in RBB Bancorp by 319.2% in the 3rd quarter. First Trust Advisors LP now owns 48,829 shares of the company’s stock valued at $916,000 after purchasing an additional 37,182 shares during the period. Finally, Strs Ohio purchased a new position in shares of RBB Bancorp during the 1st quarter valued at $482,000. 40.14% of the stock is currently owned by institutional investors.
RBB Bancorp Trading Down 1.4%
RBB stock traded down $0.30 during trading on Friday, hitting $21.56. The company had a trading volume of 47,681 shares, compared to its average volume of 43,284. The business has a 50-day moving average of $20.73 and a 200-day moving average of $19.55. RBB Bancorp has a one year low of $14.40 and a one year high of $22.58. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. The stock has a market cap of $367.60 million, a PE ratio of 14.47 and a beta of 1.08.
RBB Bancorp (NASDAQ:RBB – Get Free Report) last issued its earnings results on Monday, October 20th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.18. RBB Bancorp had a return on equity of 5.10% and a net margin of 11.12%.The business had revenue of $32.57 million during the quarter, compared to analyst estimates of $31.72 million. During the same period in the previous year, the company posted $0.39 EPS. Research analysts predict that RBB Bancorp will post 1.63 earnings per share for the current fiscal year.
RBB Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $0.64 annualized dividend and a dividend yield of 3.0%. RBB Bancorp’s dividend payout ratio (DPR) is currently 42.95%.
Wall Street Analyst Weigh In
A number of brokerages have commented on RBB. 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 report on Wednesday, October 22nd. Wall Street Zen upgraded shares of RBB Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of RBB Bancorp in a research report on Friday, October 31st. 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, Zacks Research lowered shares of RBB Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, RBB Bancorp currently has an average rating of “Hold” and a consensus price target of $22.33.
Read Our Latest Stock Report on RBB Bancorp
RBB Bancorp Company Profile
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.