RBB Bancorp with ticker code (RBB) have now 5 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 27.5 and 23 with the average target price sitting at 24.9. Given that the stocks previous close was at 22.66 this would imply there is a potential upside of 9.9%. The 50 day moving average now sits at 21.09 while the 200 day moving average is 23.94. The market cap for the company is $438m. You can visit the company’s website by visiting: https://www.royalbusinessbankusa.com
The potential market cap would be $481m based on the market concensus.
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. As of December 31, 2021, it operated 23 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.
