RBB Bancorp with ticker code (RBB) have now 4 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 23 and 18 suggesting an average Analsyt target price of $20.00. Given that the stocks previous close was at $14.77 this indicates there is a potential upside of 35.4%. It’s also worth noting that there is a 50 day moving average of $18.27 and the 200 day MA is $20.77. The market cap for the company is $269m. Find out more information at: https://www.royalbusinessbankusa.com
The potential market cap would be $364m based on the market consensus.
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. The company also offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential, commercial, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans. In addition, it provides international letters of credit, SWIFT, export advisory, trade finance discount, and foreign exchange services; and remote deposit, e-banking, and mobile banking services. The company serves individuals, businesses, municipalities, and other entities. It operates branches in the Western region with branches in Los Angeles County, California; Orange County, California; Ventura County, California; Clark County, Nevada; Honolulu, Hawaii, as well as in Eastern region with branches in Manhattan, Brooklyn and Queens, New York; Chicago, Illinois and Edison, New Jersey. RBB Bancorp was founded in 2008 and is headquartered in Los Angeles, California.
The company has a dividend yield of 4.51% with the ex dividend date set at 27-1-2023 (DMY).
Other points of data to note are a P/E ratio of 4.26, revenue per share of 8.11 and a 1.58% return on assets.
