Stephens analyst Tyler Stafford assigned a Buy rating to Rbb Bancorp (RBB) today and set a price target of $24. The company’s shares closed yesterday at $18.90, close to its 52-week low of $17.03.
According to TipRanks.com, Stafford is a 4-star analyst with an average return of 5.7% and a 59.7% success rate. Stafford covers the Financial sector, focusing on stocks such as Capstar Financial Holdings Inc, Carolina Financial Corporation, and Pacific Premier Bancorp Inc.
Currently, the analyst consensus on Rbb Bancorp is a Moderate Buy with an average price target of $22.25.
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Based on Rbb Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $9.91 million. In comparison, last year the company had a net profit of $8.85 million.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is neutral on the stock.
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RBB Bancorp operates as bank holding company, which through its subsidiary, Royal Business Bank, engages in the provision of full service commercial bank. It provides 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, trade finance, and a full range of depository accounts. The company was founded in January 2011 and is headquartered in Los Angeles, CA.
