Jane Street Group LLC Buys 9,305 Shares of RBB Bancorp (NASDAQ:RBB)

Jane Street Group LLC raised its stake in shares of RBB Bancorp (NASDAQ:RBB) by 50.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 27,582 shares of the company’s stock after acquiring an additional 9,305 shares during the period. Jane Street Group LLC’s holdings in RBB Bancorp were worth $635,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of RBB. Dimensional Fund Advisors LP lifted its stake in RBB Bancorp by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 697,656 shares of the company’s stock valued at $13,122,000 after acquiring an additional 53,539 shares in the last quarter. American Century Companies Inc. lifted its stake in RBB Bancorp by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 248,501 shares of the company’s stock valued at $4,674,000 after acquiring an additional 44,670 shares in the last quarter. Unison Advisors LLC bought a new position in RBB Bancorp during the 3rd quarter valued at $704,000. AQR Capital Management LLC bought a new position in RBB Bancorp during the 2nd quarter valued at $244,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in RBB Bancorp during the 3rd quarter valued at $295,000. 40.14% of the stock is currently owned by institutional investors.

Insider Transactions at RBB Bancorp

In related news, EVP Gary Fan sold 12,000 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $23.45, for a total value of $281,400.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David Richard Morris sold 9,000 shares of the business’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $24.89, for a total value of $224,010.00. Following the completion of the sale, the chief executive officer now owns 37,722 shares in the company, valued at $938,900.58. This represents a 19.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.63% of the company’s stock.

RBB Bancorp Price Performance

Shares of NASDAQ:RBB opened at $20.35 on Friday. RBB Bancorp has a 1-year low of $16.49 and a 1-year high of $25.30. The stock has a market cap of $360.05 million, a PE ratio of 11.00 and a beta of 0.96. The stock’s fifty day simple moving average is $22.96 and its two-hundred day simple moving average is $22.13. 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 (NASDAQ:RBB) last released its earnings results on Monday, October 21st. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $60.17 million for the quarter, compared to analysts’ expectations of $28.17 million. RBB Bancorp had a return on equity of 5.94% and a net margin of 14.50%. During the same period in the previous year, the business posted $0.63 EPS. As a group, analysts forecast that RBB Bancorp will post 1.58 EPS for the current fiscal year.

RBB Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.14%. 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.