Tower Research Capital LLC TRC Sells 3,955 Shares of RBB Bancorp (NASDAQ:RBB)

Tower Research Capital LLC TRC cut its holdings in RBB Bancorp (NASDAQ:RBB) by 71.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,597 shares of the company’s stock after selling 3,955 shares during the quarter. Tower Research Capital LLC TRC’s holdings in RBB Bancorp were worth $30,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RBB. Allspring Global Investments Holdings LLC lifted its holdings in shares of RBB Bancorp by 36.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,445 shares of the company’s stock valued at $44,000 after purchasing an additional 929 shares in the last quarter. AJOVista LLC purchased a new position in RBB Bancorp in the 4th quarter worth about $59,000. Quadrature Capital Ltd bought a new position in RBB Bancorp during the 3rd quarter valued at about $138,000. New York State Common Retirement Fund boosted its holdings in shares of RBB Bancorp by 101.4% during the 4th quarter. New York State Common Retirement Fund now owns 8,943 shares of the company’s stock valued at $170,000 after acquiring an additional 4,503 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of RBB Bancorp in the fourth quarter worth approximately $177,000. 40.14% of the stock is currently owned by hedge funds and other institutional investors.

RBB Bancorp Stock Performance

RBB traded up $0.11 during trading on Friday, hitting $18.23. The company’s stock had a trading volume of 26,692 shares, compared to its average volume of 42,823. The business’s 50 day simple moving average is $17.46 and its 200-day simple moving average is $16.86. The firm has a market cap of $339.48 million, a PE ratio of 8.00 and a beta of 0.95. RBB Bancorp has a one year low of $8.62 and a one year high of $20.22. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.56.

RBB Bancorp (NASDAQ:RBB) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.35 by $0.08. The firm had revenue of $58.17 million during the quarter, compared to analyst estimates of $27.40 million. RBB Bancorp had a return on equity of 7.74% and a net margin of 17.69%. During the same period in the prior year, the business posted $0.58 EPS. As a group, sell-side analysts predict that RBB Bancorp will post 1.49 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Wednesday, May 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $0.64 annualized dividend and a yield of 3.51%. RBB Bancorp’s dividend payout ratio (DPR) is presently 28.07%.

Wall Street Analysts Forecast Growth

RBB has been the topic of a number of research analyst reports. Stephens restated an “equal weight” rating and issued a $20.00 target price on shares of RBB Bancorp in a report on Tuesday, April 23rd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $22.00 price target (up from $20.00) on shares of RBB Bancorp in a report on Thursday, April 25th. Finally, Hovde Group assumed coverage on RBB Bancorp in a report on Monday, April 22nd. They issued a “market perform” rating and a $19.00 price objective for the company. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, RBB Bancorp presently has an average rating of “Hold” and an average target price of $18.50.

Insider Activity at RBB Bancorp

In related news, Director James Kao bought 6,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average cost of $17.06 per share, for a total transaction of $102,360.00. Following the completion of the transaction, the director now owns 501,376 shares of the company’s stock, valued at $8,553,474.56. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 23,977 shares of company stock worth $407,460. Corporate insiders own 6.63% of the company’s stock.

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.