RBB Bancorp’s (RBB) Buy Rating Reiterated at Keefe, Bruyette & Woods
A number of other equities analysts also recently issued reports on RBB. Stephens started coverage on RBB Bancorp in a report on Tuesday, August 29th. They issued an overweight rating for the company. Zacks Investment Research upgraded RBB Bancorp from a hold rating to a buy rating and set a $27.00 price objective for the company in a report on Friday, November 17th.
RBB Bancorp (NASDAQ:RBB) opened at $27.36 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.12 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $431.85 and a price-to-earnings ratio of 16.99. RBB Bancorp has a twelve month low of $21.26 and a twelve month high of $27.50.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System purchased a new stake in shares of RBB Bancorp in the third quarter worth $140,000. Harbor Advisors LLC purchased a new stake in shares of RBB Bancorp in the third quarter worth $229,000. Pillar Pacific Capital Management LLC purchased a new stake in shares of RBB Bancorp in the third quarter worth $357,000. Commonwealth Equity Services Inc purchased a new stake in shares of RBB Bancorp during the third quarter valued at $369,000. Finally, Stifel Financial Corp purchased a new stake in shares of RBB Bancorp during the third quarter valued at $644,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.
About RBB Bancorp
RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank.
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