RBB Bancorp (NASDAQ:RBB) Downgraded by Wall Street Zen to Hold

RBB Bancorp (NASDAQ:RBB - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

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Other research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods raised their target price on shares of RBB Bancorp from $21.00 to $23.00 and gave the company a "market perform" rating in a research note on Wednesday, October 22nd. Piper Sandler lifted their target price on RBB Bancorp from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Wednesday, October 22nd. Zacks Research raised shares of RBB Bancorp from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of RBB Bancorp in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $22.33.

Check Out Our Latest Report on RBB Bancorp

RBB Bancorp Price Performance

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RBB Bancorp stock opened at $19.26 on Friday. The business has a 50 day simple moving average of $18.81 and a 200 day simple moving average of $18.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.07. RBB Bancorp has a one year low of $14.40 and a one year high of $25.09. The company has a market capitalization of $328.38 million, a PE ratio of 12.93 and a beta of 1.12.

RBB Bancorp (NASDAQ:RBB - Get Free Report) last announced its quarterly earnings results on Monday, October 20th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.18. RBB Bancorp had a net margin of 11.12% and a return on equity of 5.10%. The firm had revenue of $32.57 million during the quarter, compared to the consensus estimate of $31.72 million. During the same period last year, the firm posted $0.39 EPS. On average, sell-side analysts forecast that RBB Bancorp will post 1.63 EPS for the current fiscal year.

Institutional Trading of RBB Bancorp

Several institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of RBB Bancorp by 7.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 44,335 shares of the company's stock worth $732,000 after buying an additional 2,995 shares during the period. Nuveen LLC bought a new stake in RBB Bancorp in the 1st quarter worth about $873,000. American Century Companies Inc. boosted its position in RBB Bancorp by 8.7% in the first quarter. American Century Companies Inc. now owns 373,405 shares of the company's stock worth $6,161,000 after purchasing an additional 29,761 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in RBB Bancorp by 6.9% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 171,400 shares of the company's stock valued at $2,828,000 after buying an additional 11,000 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of RBB Bancorp by 20.4% during the 1st quarter. Royal Bank of Canada now owns 16,312 shares of the company's stock worth $268,000 after purchasing an additional 2,762 shares during the last quarter. Institutional investors own 40.14% 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, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.

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