RBB Bancorp which can be found using ticker (RBB) have now 5 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 23 and 20 and has a mean target at $21.90. Given that the stocks previous close was at $15.70 and the analysts are correct then we can expect a percentage increase in value of 39.5%. The 50 day moving average now sits at $19.22 and the 200 day MA is $21.00. The market capitalization for the company is $301m. You can visit the company’s website by visiting: https://www.royalbusinessbankusa.com
The potential market cap would be $420m 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 primarily offers its products and services to 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 4.08% with the ex dividend date set at 27-1-2023 (DMY).
Other points of data to note are a P/E ratio of 4.71, revenue per share of 8.11 and a 1.58% return on assets.
