RBB Bancorp (RBB) Sets New 12-Month High and Low at $28.00

RBB Bancorp (NASDAQ:RBB) shares hit a new 52-week high and low during trading on Friday . The stock traded as low as $28.00 and last traded at $27.92, with a volume of 3442 shares trading hands. The stock had previously closed at $27.81.

RBB has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $30.00 price target on shares of RBB Bancorp in a report on Friday, December 22nd. Zacks Investment Research downgraded shares of RBB Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th.

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The company has a current ratio of 1.12, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

RBB Bancorp (NASDAQ:RBB) last announced its quarterly earnings results on Monday, January 22nd. The company reported $0.43 earnings per share (EPS) for the quarter. The company had revenue of $21.69 million for the quarter. analysts anticipate that RBB Bancorp will post 2 earnings per share for the current year.

In related news, EVP Tsu Te Huang sold 34,746 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $26.46, for a total value of $919,379.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp acquired a new stake in RBB Bancorp in the third quarter valued at $644,000. Spark Investment Management LLC acquired a new stake in RBB Bancorp in the fourth quarter valued at $216,000. Strs Ohio increased its holdings in RBB Bancorp by 772.7% in the fourth quarter. Strs Ohio now owns 9,600 shares of the company’s stock valued at $262,000 after purchasing an additional 8,500 shares during the period. Chicago Equity Partners LLC acquired a new stake in RBB Bancorp in the fourth quarter valued at $245,000. Finally, WP Advisors LLC acquired a new stake in RBB Bancorp in the fourth quarter valued at $442,000. Institutional investors and hedge funds own 25.14% of the company’s stock.

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About RBB Bancorp

RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank.

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