Simon Pang Sells 3,000 Shares of RBB Bancorp (NASDAQ:RBB) Stock

RBB Bancorp (NASDAQ:RBBGet Rating) EVP Simon Pang sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $22.98, for a total transaction of $68,940.00. Following the sale, the executive vice president now owns 4,158 shares of the company’s stock, valued at $95,550.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Simon Pang also recently made the following trade(s):

  • On Thursday, August 11th, Simon Pang sold 3,000 shares of RBB Bancorp stock. The shares were sold at an average price of $22.46, for a total transaction of $67,380.00.
  • On Thursday, May 26th, Simon Pang sold 6,494 shares of RBB Bancorp stock. The shares were sold at an average price of $21.25, for a total transaction of $137,997.50.

RBB Bancorp Trading Down 1.2 %

Shares of RBB Bancorp stock opened at $22.95 on Thursday. The company has a fifty day simple moving average of $21.45 and a 200-day simple moving average of $22.72. The stock has a market cap of $436.51 million, a price-to-earnings ratio of 7.40 and a beta of 0.88. RBB Bancorp has a 12-month low of $19.50 and a 12-month high of $29.08. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.94.

RBB Bancorp (NASDAQ:RBBGet Rating) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.05. RBB Bancorp had a return on equity of 13.22% and a net margin of 35.46%. During the same period in the previous year, the firm posted $0.67 EPS. On average, equities analysts forecast that RBB Bancorp will post 3.29 EPS for the current fiscal year.

RBB Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Monday, August 1st were given a $0.14 dividend. The ex-dividend date was Friday, July 29th. This represents a $0.56 dividend on an annualized basis and a yield of 2.44%. RBB Bancorp’s dividend payout ratio (DPR) is 18.06%.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price target on shares of RBB Bancorp to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th.

Hedge Funds Weigh In On RBB Bancorp

A number of large investors have recently bought and sold shares of the company. Amalgamated Bank purchased a new position in RBB Bancorp during the first quarter worth about $42,000. Lazard Asset Management LLC lifted its holdings in shares of RBB Bancorp by 61.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,699 shares of the company’s stock valued at $44,000 after buying an additional 644 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of RBB Bancorp by 17.1% in the second quarter. BNP Paribas Arbitrage SA now owns 3,774 shares of the company’s stock valued at $78,000 after buying an additional 552 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in RBB Bancorp by 30.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 3,000 shares of the company’s stock worth $79,000 after acquiring an additional 700 shares during the period. Finally, SG Americas Securities LLC purchased a new position in RBB Bancorp in the second quarter worth $126,000. Hedge funds and other institutional investors own 36.27% of the company’s stock.

RBB Bancorp Company Profile

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for RBB Bancorp (NASDAQ:RBB)

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