Fintel reports that on April 25, 2023, Stephens & Co. reiterated coverage of RBB Bancorp (NASDAQ:RBB) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 46.00% Upside
As of April 24, 2023, the average one-year price target for RBB Bancorp is 18.62. The forecasts range from a low of 18.18 to a high of $19.95. The average price target represents an increase of 46.00% from its latest reported closing price of 12.75.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for RBB Bancorp is 175MM, an increase of 14.40%. The projected annual non-GAAP EPS is 3.48.
RBB Bancorp Declares $0.16 Dividend
On April 20, 2023 the company declared a regular quarterly dividend of $0.16 per share ($0.64 annualized). Shareholders of record as of May 1, 2023 will receive the payment on May 12, 2023. Previously, the company paid $0.16 per share.
At the current share price of $12.75 / share, the stock's dividend yield is 5.02%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.41%, the lowest has been 1.09%, and the highest has been 4.70%. The standard deviation of yields is 0.80 (n=237).
The current dividend yield is 3.27 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.20. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.33%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 219 funds or institutions reporting positions in RBB Bancorp. This is an increase of 5 owner(s) or 2.34% in the last quarter. Average portfolio weight of all funds dedicated to RBB is 0.03%, a decrease of 47.70%. Total shares owned by institutions increased in the last three months by 4.35% to 8,244K shares. 
The put/call ratio of RBB is 1.00, indicating a neutral outlook.
What are Other Shareholders Doing?
FJ Capital Management holds 1,632K shares representing 8.59% ownership of the company. In it's prior filing, the firm reported owning 1,374K shares, representing an increase of 15.81%. The firm decreased its portfolio allocation in RBB by 99.88% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 435K shares representing 2.29% ownership of the company. No change in the last quarter.
IWM - iShares Russell 2000 ETF holds 359K shares representing 1.89% ownership of the company. In it's prior filing, the firm reported owning 323K shares, representing an increase of 10.02%. The firm increased its portfolio allocation in RBB by 0.98% over the last quarter.
Lsv Asset Management holds 313K shares representing 1.65% ownership of the company. In it's prior filing, the firm reported owning 304K shares, representing an increase of 2.95%. The firm decreased its portfolio allocation in RBB by 2.97% over the last quarter.
Geode Capital Management holds 255K shares representing 1.34% ownership of the company. In it's prior filing, the firm reported owning 247K shares, representing an increase of 3.16%. The firm decreased its portfolio allocation in RBB by 4.15% over the last quarter.
RBB Bancorp Background Information
(This description is provided by the company.)
RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. The Company has total assets of $2.8 billion as of June 30, 2019. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides business banking services to the Chinese-American communities in Los Angeles County, Orange County and Ventura County in California, in Las Vegas, Nevada, and in Brooklyn, Queens, and Manhattan in New York City. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, automobile lending, trade finance, a full range of depository account products and wealth management services. The Bank has ten branches in Los Angeles County, two branches in Ventura County, one branch in Irvine, California, one branch in Las Vegas, Nevada, and nine branches and two loan offices in Brooklyn, Queens and Manhattan in New York. The Company's administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Avenue, Buena Park, California 90621.
See all RBB Bancorp regulatory filings.This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
