RBB Bancorp (NASDAQ:RBB) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its stake in RBB Bancorp (NASDAQ:RBB) by 5.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 53,098 shares of the company’s stock after acquiring an additional 2,680 shares during the quarter. Empowered Funds LLC’s holdings in RBB Bancorp were worth $1,222,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in RBB Bancorp by 21.7% in the 2nd quarter. CWM LLC now owns 4,594 shares of the company’s stock valued at $86,000 after acquiring an additional 818 shares during the period. SG Americas Securities LLC acquired a new stake in RBB Bancorp during the 3rd quarter worth $134,000. BNP Paribas Financial Markets boosted its stake in RBB Bancorp by 89.6% during the 1st quarter. BNP Paribas Financial Markets now owns 8,236 shares of the company’s stock worth $148,000 after purchasing an additional 3,892 shares during the last quarter. AQR Capital Management LLC acquired a new stake in RBB Bancorp during the 2nd quarter worth $244,000. Finally, Quadrature Capital Ltd boosted its stake in RBB Bancorp by 29.8% during the 1st quarter. Quadrature Capital Ltd now owns 16,884 shares of the company’s stock worth $304,000 after purchasing an additional 3,880 shares during the last quarter. Institutional investors and hedge funds own 40.14% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David Richard Morris sold 9,000 shares of RBB Bancorp stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $24.89, for a total transaction of $224,010.00. Following the transaction, the chief executive officer now owns 37,722 shares in the company, valued at $938,900.58. The trade was a 19.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.63% of the stock is currently owned by corporate insiders.

RBB Bancorp Trading Up 0.8 %

Shares of RBB opened at $24.38 on Friday. RBB Bancorp has a 52-week low of $15.10 and a 52-week high of $25.30. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average is $23.27 and its two-hundred day moving average is $21.17. The stock has a market cap of $431.36 million, a PE ratio of 13.17 and a beta of 0.95.

RBB Bancorp (NASDAQ:RBB) last announced its earnings results on Monday, October 21st. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. RBB Bancorp had a net margin of 14.50% and a return on equity of 5.94%. The company had revenue of $60.17 million for the quarter, compared to analysts’ expectations of $28.17 million. During the same quarter in the previous year, the company posted $0.63 EPS. Research analysts forecast that RBB Bancorp will post 1.58 earnings per share for the current fiscal year.

RBB Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.64 annualized dividend and a yield of 2.63%. RBB Bancorp’s dividend payout ratio (DPR) is presently 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.