Panagora Asset Management Inc. decreased its holdings in RBB Bancorp (NASDAQ:RBB) by 3.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 54,641 shares of the company’s stock after selling 2,042 shares during the quarter. Panagora Asset Management Inc.’s holdings in RBB Bancorp were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RBB. Context BH Capital Management LP grew its position in shares of RBB Bancorp by 2.7% in the first quarter. Context BH Capital Management LP now owns 288,321 shares of the company’s stock valued at $5,420,000 after purchasing an additional 7,650 shares during the last quarter. Northern Trust Corp raised its position in RBB Bancorp by 4.5% during the 4th quarter. Northern Trust Corp now owns 155,950 shares of the company’s stock worth $2,740,000 after purchasing an additional 6,729 shares during the last quarter. Boston Partners raised its position in RBB Bancorp by 3.5% during the 1st quarter. Boston Partners now owns 127,867 shares of the company’s stock worth $2,404,000 after purchasing an additional 4,344 shares during the last quarter. Geode Capital Management LLC raised its position in RBB Bancorp by 17.1% during the 4th quarter. Geode Capital Management LLC now owns 122,667 shares of the company’s stock worth $2,155,000 after purchasing an additional 17,882 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in RBB Bancorp by 123.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 100,207 shares of the company’s stock worth $1,761,000 after purchasing an additional 55,461 shares during the last quarter. Hedge funds and other institutional investors own 30.68% of the company’s stock.

RBB Bancorp stock traded down $0.16 during trading hours on Wednesday, reaching $18.34. 226 shares of the company’s stock were exchanged, compared to its average volume of 42,161. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.39. The firm’s 50 day simple moving average is $19.03 and its 200 day simple moving average is $19.57. RBB Bancorp has a twelve month low of $17.03 and a twelve month high of $30.28. The firm has a market capitalization of $371.64 million, a PE ratio of 8.66 and a beta of 1.09.

RBB Bancorp (NASDAQ:RBB) last issued its quarterly earnings results on Monday, July 22nd. The company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.07). RBB Bancorp had a return on equity of 10.64% and a net margin of 25.83%. The business had revenue of $29.81 million for the quarter, compared to analyst estimates of $32.60 million. Analysts anticipate that RBB Bancorp will post 1.92 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, July 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.18%. RBB Bancorp’s payout ratio is currently 18.78%.

Several brokerages recently issued reports on RBB. BidaskClub raised RBB Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th. Zacks Investment Research raised RBB Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Sandler O’Neill lowered RBB Bancorp from a “buy” rating to a “hold” rating and lowered their target price for the stock from $21.00 to $20.50 in a research report on Wednesday, April 24th. Finally, TheStreet raised RBB Bancorp from a “d+” rating to a “c-” rating in a research report on Monday, June 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $26.50.

In other RBB Bancorp news, Director James Kao purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of $188,000.00 per share, for a total transaction of $1,880,000,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 23.92% 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 communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. 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.

Featured Article: Outstanding Shares and The Effect on Share Price

Want to see what other hedge funds are holding RBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RBB Bancorp (NASDAQ:RBB).

Institutional Ownership by Quarter for RBB Bancorp (NASDAQ:RBB)

Receive News & Ratings for RBB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RBB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.