RBB Bancorp (RBB) to Release Quarterly Earnings on Monday

RBB Bancorp (NASDAQ:RBB) is scheduled to be announcing its earnings results after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings data on Monday, January 22nd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. RBB Bancorp had a return on equity of 8.36% and a net margin of 19.06%. The firm had revenue of $33.06 million for the quarter, compared to analyst estimates of $27.60 million. On average, analysts expect RBB Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RBB Bancorp Stock Performance

Shares of NASDAQ RBB opened at $17.83 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average price is $17.40 and its two-hundred day moving average price is $16.49. RBB Bancorp has a one year low of $8.62 and a one year high of $20.22. The firm has a market cap of $331.99 million, a price-to-earnings ratio of 7.34 and a beta of 0.96.

Insider Buying and Selling at RBB Bancorp

In related news, Director James Kao purchased 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was bought at an average price of $18.05 per share, with a total value of $216,600.00. Following the completion of the purchase, the director now owns 460,376 shares in the company, valued at approximately $8,309,786.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders bought 35,977 shares of company stock worth $624,060. 13.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On RBB Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Group AG acquired a new stake in RBB Bancorp during the third quarter worth approximately $26,000. Tower Research Capital LLC TRC grew its stake in RBB Bancorp by 169.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,726 shares of the company’s stock worth $26,000 after purchasing an additional 1,086 shares during the period. FMR LLC grew its stake in RBB Bancorp by 281.2% during the first quarter. FMR LLC now owns 2,836 shares of the company’s stock worth $44,000 after purchasing an additional 2,092 shares during the period. BNP Paribas Arbitrage SA grew its stake in RBB Bancorp by 17.1% during the second quarter. BNP Paribas Arbitrage SA now owns 3,774 shares of the company’s stock worth $78,000 after purchasing an additional 552 shares during the period. Finally, Barclays PLC grew its stake in RBB Bancorp by 396.6% during the fourth quarter. Barclays PLC now owns 3,928 shares of the company’s stock worth $82,000 after purchasing an additional 3,137 shares during the period. Institutional investors and hedge funds own 40.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on RBB shares. Stephens reissued an “equal weight” rating and set a $19.00 target price on shares of RBB Bancorp in a report on Tuesday, January 23rd. TheStreet raised RBB Bancorp from a “c+” rating to a “b-” rating in a report on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods increased their target price on RBB Bancorp from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, January 24th.

RBB Bancorp Company 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.