Analysts Set $36.00 Target Price for RBB Bancorp (RBB)

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RBB Bancorp (NASDAQ:RBB) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation. RBB Bancorp’s rating score has improved by 33.3% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus price objective of $36.00 for the company, according to Zacks. Zacks has also given RBB Bancorp an industry rank of 76 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded RBB Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th.

Shares of NASDAQ RBB opened at $23.30 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.15 and a debt-to-equity ratio of 0.33. RBB Bancorp has a 12 month low of $22.99 and a 12 month high of $33.62. The company has a market cap of $405.34 million, a PE ratio of 12.80 and a beta of 0.15.

RBB Bancorp (NASDAQ:RBB) last issued its earnings results on Monday, July 23rd. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. RBB Bancorp had a return on equity of 11.69% and a net margin of 31.31%. The company had revenue of $20.62 million during the quarter. On average, research analysts expect that RBB Bancorp will post 2.28 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Friday, September 28th were paid a $0.09 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.36 annualized dividend and a yield of 1.55%. RBB Bancorp’s dividend payout ratio (DPR) is presently 19.78%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RBB. Bank of America Corp DE boosted its stake in RBB Bancorp by 276.4% in the 2nd quarter. Bank of America Corp DE now owns 3,222 shares of the company’s stock valued at $104,000 after purchasing an additional 2,366 shares during the period. American International Group Inc. lifted its position in shares of RBB Bancorp by 104.6% during the 1st quarter. American International Group Inc. now owns 5,223 shares of the company’s stock valued at $138,000 after acquiring an additional 2,670 shares during the period. New York State Common Retirement Fund bought a new stake in shares of RBB Bancorp during the 1st quarter valued at $145,000. Bank of Montreal Can bought a new stake in shares of RBB Bancorp during the 2nd quarter valued at $157,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of RBB Bancorp by 496.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 7,000 shares of the company’s stock valued at $184,000 after acquiring an additional 5,827 shares during the period. Institutional investors and hedge funds own 33.83% of the company’s stock.

About RBB Bancorp

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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