Barclays PLC Purchases 15,907 Shares of RBB Bancorp (NASDAQ:RBB)

Barclays PLC boosted its position in RBB Bancorp (NASDAQ:RBB) by 285.6% during the 3rd quarter, Holdings Channel reports. The fund owned 21,477 shares of the company’s stock after buying an additional 15,907 shares during the period. Barclays PLC’s holdings in RBB Bancorp were worth $495,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in RBB. BNP Paribas Financial Markets increased its stake in shares of RBB Bancorp by 13.5% in the third quarter. BNP Paribas Financial Markets now owns 3,744 shares of the company’s stock worth $86,000 after purchasing an additional 444 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of RBB Bancorp in the third quarter worth $134,000. AQR Capital Management LLC bought a new position in RBB Bancorp in the 2nd quarter worth about $244,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of RBB Bancorp during the third quarter worth about $295,000. Finally, Rhumbline Advisers raised its position in shares of RBB Bancorp by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 25,076 shares of the company’s stock valued at $472,000 after buying an additional 932 shares in the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

Insider Activity at RBB Bancorp

In other RBB Bancorp news, CEO David Richard Morris sold 9,000 shares of RBB Bancorp stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total value of $224,010.00. Following the sale, the chief executive officer now directly owns 37,722 shares in the company, valued at approximately $938,900.58. The trade was a 19.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gary Fan sold 12,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $23.45, for a total transaction of $281,400.00. The disclosure for this sale can be found here. 6.63% of the stock is currently owned by insiders.

RBB Bancorp Price Performance

Shares of RBB Bancorp stock opened at $20.15 on Friday. The firm has a market capitalization of $356.51 million, a PE ratio of 10.89 and a beta of 0.96. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.66. RBB Bancorp has a 12 month low of $16.49 and a 12 month high of $25.30. The business’s 50-day moving average price is $23.00 and its 200-day moving average price is $22.07.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. The firm had revenue of $60.17 million for the quarter, compared to analyst estimates of $28.17 million. During the same period last year, the company earned $0.63 EPS. Sell-side analysts forecast that RBB Bancorp will post 1.58 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Thursday, October 31st. RBB Bancorp’s payout ratio is 34.59%.

RBB Bancorp Profile

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.