Context BH Capital Management LP lifted its stake in shares of RBB Bancorp (NASDAQ:RBB) by 3,014.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 280,671 shares of the company’s stock after purchasing an additional 271,658 shares during the period. RBB Bancorp accounts for 1.3% of Context BH Capital Management LP’s investment portfolio, making the stock its 24th biggest holding. Context BH Capital Management LP owned approximately 1.49% of RBB Bancorp worth $4,931,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of RBB. Bank of America Corp DE increased its stake in shares of RBB Bancorp by 276.4% during the 2nd quarter. Bank of America Corp DE now owns 3,222 shares of the company’s stock worth $104,000 after purchasing an additional 2,366 shares during the last quarter. First Trust Advisors LP increased its stake in shares of RBB Bancorp by 69.6% during the 3rd quarter. First Trust Advisors LP now owns 39,263 shares of the company’s stock worth $962,000 after purchasing an additional 16,107 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of RBB Bancorp during the 3rd quarter worth approximately $229,000. Bank of New York Mellon Corp increased its stake in shares of RBB Bancorp by 9.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 58,569 shares of the company’s stock worth $1,435,000 after purchasing an additional 4,861 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of RBB Bancorp by 3.2% during the 3rd quarter. BlackRock Inc. now owns 694,924 shares of the company’s stock worth $17,026,000 after purchasing an additional 21,455 shares during the last quarter. Institutional investors own 31.66% of the company’s stock.
RBB has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of RBB Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. ValuEngine lowered shares of RBB Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. RBB Bancorp presently has an average rating of “Buy” and a consensus target price of $31.33.
RBB Bancorp stock opened at $18.35 on Tuesday. RBB Bancorp has a 1-year low of $17.03 and a 1-year high of $33.62. The company has a market capitalization of $340.88 million, a P/E ratio of 8.62 and a beta of 1.28. The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.89.
RBB Bancorp (NASDAQ:RBB) last released its quarterly earnings data on Monday, January 28th. The company reported $0.47 earnings per share for the quarter. RBB Bancorp had a net margin of 31.77% and a return on equity of 12.70%. The business had revenue of $31.07 million during the quarter. Sell-side analysts forecast that RBB Bancorp will post 2.19 EPS for the current year.
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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 communities. Its deposit products include checking, savings, and money market accounts; and certificates of deposits. The company offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential construction, commercial construction, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans.
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