Rbb Bancorp Received its Third Buy in a Row

By Ryan Adsit

After Sandler O’Neill and Stephens gave Rbb Bancorp (NASDAQ: RBB) a Buy rating last month, the company received another Buy, this time from KBW. Analyst Jacquelynne Bohlen reiterated a Buy rating on Rbb Bancorp yesterday and set a price target of $35. The company’s shares closed yesterday at $31.22.

According to TipRanks.com, Bohlen is a 4-star analyst with an average return of 10.8% and a 67.3% success rate. Bohlen covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, First Interstate Bancsystem, and Pacific Premier Bancorp Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rbb Bancorp with a $35.67 average price target, implying a 14.3% upside from current levels. In a report released today, Stephens also assigned a Buy rating to the stock with a $36 price target.

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The company has a one-year high of $33.62 and a one-year low of $21.26. Currently, Rbb Bancorp has an average volume of 63.05K.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.

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RBB Bancorp is a bank holding company which through its subsidiary, Royal Business Bank, engages in the provision of full service commercial bank. It caters Chinese-American communities in Los Angeles County, Orange County, Ventura County, and in Las Vegas, Nevada.