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Initiation
RBB Bancorp resumed with an Overweight at Stephens » 14:19
10/28/20
10/28
14:19
10/28/20
14:19
RBB

RBB Bancorp

$12.40 /

-0.06 (-0.48%)

Stephens analyst Andrew…

Stephens analyst Andrew Terrell resumed coverage of RBB Bancorp with an Overweight rating and $16 price target following its report of Q3 results. He believes the company remains optimistic regarding the credit outlook and anticipate RBB will begin to work through its recently resumed 600,000 share repurchase authorization, which should be a catalyst for the stock, Terrell tells investors.

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RBB RBB Bancorp
$12.40 /

-0.06 (-0.48%)

06/18/20
Fly Intel: Top five analyst initiations
06/18/20 Piper Sandler
RBB Bancorp assumed with a Neutral at Piper Sandler
04/23/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades RBB Bancorp to Neutral on rising provisions
04/23/20 Janney Montgomery Scott
RBB Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
RBB RBB Bancorp
$12.40 /

-0.06 (-0.48%)

Earnings
RBB Bancorp reports Q3 EPS 43c, consensus 32c » 16:10
10/26/20
10/26
16:10
10/26/20
16:10
RBB

RBB Bancorp

$12.76 /

+0.11 (+0.87%)

"Our performance in…

"Our performance in the third quarter demonstrated the strength of our growing franchise as we generated strong earnings, increasing net interest margin, and asset and deposit growth," said Alan Thian, Chairman, President and CEO of RBB Bancorp. "Effective management of our loan exposure in prior quarters - which resulted in lower concentrations of CRE and C&I loans relative to our peers - created an opportunity to selectively originate attractive loans in markets in which our competitors were forced to pull back. Strong deposit growth was accompanied by declines in corresponding costs as we benefited from ongoing efforts to improve our deposit franchise and a declining rate environment. Our asset quality remains solid and we remain well capitalized with ample access to liquidity. Loans modified under the CARES Act outstanding decreased 76% over the quarter to just 4% of loans outstanding."

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RBB RBB Bancorp
$12.76 /

+0.11 (+0.87%)

06/18/20
Fly Intel: Top five analyst initiations
06/18/20 Piper Sandler
RBB Bancorp assumed with a Neutral at Piper Sandler
04/23/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades RBB Bancorp to Neutral on rising provisions
04/23/20 Janney Montgomery Scott
RBB Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
RBB RBB Bancorp
$12.76 /

+0.11 (+0.87%)

Over a quarter ago
Earnings
RBB Bancorp reports Q2 EPS 33c, consensus 29c » 16:13
07/27/20
07/27
16:13
07/27/20
16:13
RBB

RBB Bancorp

$12.81 /

-0.6 (-4.47%)

Net interest margin was…

Net interest margin was 3.42% for the second quarter, an increase from 3.37% in the first quarter.

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RBB RBB Bancorp
$12.81 /

-0.6 (-4.47%)

06/18/20
Fly Intel: Top five analyst initiations
06/18/20 Piper Sandler
RBB Bancorp assumed with a Neutral at Piper Sandler
04/23/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades RBB Bancorp to Neutral on rising provisions
04/23/20 Janney Montgomery Scott
RBB Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
RBB RBB Bancorp
$12.81 /

-0.6 (-4.47%)

Initiation
Fly Intel: Top five analyst initiations » 10:11
06/18/20
06/18
10:11
06/18/20
10:11
WSM

Williams-Sonoma

$87.23 /

+0.53 (+0.61%)

, INVH

Invitation Homes

$28.16 /

-0.24 (-0.85%)

, BIP

Brookfield Infrastructure

$41.78 /

-0.4 (-0.95%)

, NLTX

Neoleukin Therapeutics

$14.25 /

+0.73 (+5.40%)

, RBB

RBB Bancorp

$13.00 /

+ (+0.00%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Williams-Sonoma (WSM) initiated with an Equal Weight at Wells Fargo. 2. Invitation Homes (INVH) initiated with a Buy at Janney Montgomery Scott. 3. Brookfield Infrastructure (BIP) resumed with a Neutral at Citi. 4. Neoleukin Therapeutics (NLTX) initiated with a Buy at Mizuho. 5. RBB Bancorp (RBB) assumed with a Neutral at Piper Sandler. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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WSM Williams-Sonoma
$87.23 /

+0.53 (+0.61%)

NLTX Neoleukin Therapeutics
$14.25 /

+0.73 (+5.40%)

INVH Invitation Homes
$28.16 /

-0.24 (-0.85%)

BIP Brookfield Infrastructure
$41.78 /

-0.4 (-0.95%)

WSM Williams-Sonoma
$87.23 /

+0.53 (+0.61%)

06/18/20 Wells Fargo
Williams-Sonoma initiated with an Equal Weight at Wells Fargo
06/05/20 Argus
Williams-Sonoma price target raised to $95 from $80 at Argus
06/01/20 Loop Capital
Williams-Sonoma price target raised to $80 from $40 at Loop Capital
05/29/20 Wedbush
Williams-Sonoma price target raised to $90 from $80 at Wedbush
INVH Invitation Homes
$28.16 /

-0.24 (-0.85%)

06/18/20 Janney Montgomery Scott
Janney starts Invitation Homes at Buy, sees favorable growth outlook
06/18/20 Janney Montgomery Scott
Invitation Homes initiated with a Buy at Janney Montgomery Scott
06/01/20 Mizuho
Invitation Homes price target raised to $28 from $25 at Mizuho
05/14/20 RBC Capital
Invitation Homes price target lowered to $29 from $31 at RBC Capital
BIP Brookfield Infrastructure
$41.78 /

-0.4 (-0.95%)

06/18/20 Citi
Brookfield Infrastructure resumed with a Neutral at Citi
05/27/20 BofA
Brookfield Infrastructure initiated with a Buy at BofA
05/12/20 Raymond James
Brookfield Infrastructure assumed with an Outperform at Raymond James
04/20/20 Wells Fargo
Brookfield Infrastructure initiated with an Overweight at Wells Fargo
NLTX Neoleukin Therapeutics
$14.25 /

+0.73 (+5.40%)

06/18/20 Mizuho
Mizuho starts Neoleukin Therapeutics with Buy rating, $21 target
06/17/20 Mizuho
Neoleukin Therapeutics initiated with a Buy at Mizuho
04/13/20 H.C. Wainwright
Neoleukin Therapeutics initiated with a Buy at H.C. Wainwright
03/16/20
Fly Intel: Top five analyst initiations
RBB RBB Bancorp
$13.00 /

+ (+0.00%)

06/18/20 Piper Sandler
RBB Bancorp assumed with a Neutral at Piper Sandler
04/23/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades RBB Bancorp to Neutral on rising provisions
04/23/20 Janney Montgomery Scott
RBB Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
WSM Williams-Sonoma
$87.23 /

+0.53 (+0.61%)

RBB RBB Bancorp
$13.00 /

+ (+0.00%)

NLTX Neoleukin Therapeutics
$14.25 /

+0.73 (+5.40%)

INVH Invitation Homes
$28.16 /

-0.24 (-0.85%)

BIP Brookfield Infrastructure
$41.78 /

-0.4 (-0.95%)

WSM Williams-Sonoma
$87.23 /

+0.53 (+0.61%)

INVH Invitation Homes
$28.16 /

-0.24 (-0.85%)

WSM Williams-Sonoma
$87.23 /

+0.53 (+0.61%)

NLTX Neoleukin Therapeutics
$14.25 /

+0.73 (+5.40%)

INVH Invitation Homes
$28.16 /

-0.24 (-0.85%)

BIP Brookfield Infrastructure
$41.78 /

-0.4 (-0.95%)

WSM Williams-Sonoma
$87.23 /

+0.53 (+0.61%)

Initiation
RBB Bancorp assumed with a Neutral at Piper Sandler » 06:03
06/18/20
06/18
06:03
06/18/20
06:03
RBB

RBB Bancorp

$13.00 /

-0.35 (-2.62%)

Piper Sandler analyst…

Piper Sandler analyst Nicholas Cucharale assumed coverage of RBB Bancorp with a Neutral rating and $14 price target. The analyst is positive on the company's long-term story but sees headwinds in the near term.

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RBB RBB Bancorp
$13.00 /

-0.35 (-2.62%)

04/23/20 Janney Montgomery Scott
Janney Montgomery Scott downgrades RBB Bancorp to Neutral on rising provisions
04/23/20 Janney Montgomery Scott
RBB Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
RBB RBB Bancorp
$13.00 /

-0.35 (-2.62%)

Downgrade
Janney Montgomery Scott downgrades RBB Bancorp to Neutral on rising provisions » 09:20
04/23/20
04/23
09:20
04/23/20
09:20
RBB

RBB Bancorp

$11.93 /

-0.19 (-1.57%)

As previously reported,…

As previously reported, Janney Montgomery Scott analyst Timothy Coffey downgraded RBB Bancorp to Neutral from Buy with a fair value estimate of $13, down from $16. He expects higher provision expenses and lower operating revenues given his forecast for lower loan growth and a pullback in SBA loan sales. Coffey also noted that RBB's board has opted to cut the quarterly cash dividend by 50%, despite having Tangible Common Equity near 11%.

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RBB RBB Bancorp
$11.93 /

-0.19 (-1.57%)

04/23/20 Janney Montgomery Scott
RBB Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott
04/24/19 Sandler O'Neill
RBB Bancorp downgraded to Hold amid 'transition year' at Sandler O'Neill
04/24/19 Sandler O'Neill
RBB Bancorp downgraded to Hold from Buy at Sandler O'Neill
Downgrade
RBB Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott » 05:21
04/23/20
04/23
05:21
04/23/20
05:21
RBB

RBB Bancorp

$11.93 /

-0.19 (-1.57%)

Janney Montgomery Scott…

Janney Montgomery Scott analyst Timothy Coffey downgraded RBB Bancorp to Neutral from Buy with a $13 price target.

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RBB RBB Bancorp
$11.93 /

-0.19 (-1.57%)

04/24/19 Sandler O'Neill
RBB Bancorp downgraded to Hold amid 'transition year' at Sandler O'Neill
04/24/19 Sandler O'Neill
RBB Bancorp downgraded to Hold from Buy at Sandler O'Neill
Earnings
RBB Bancorp reports Q1 EPS 33c, consensus 41c » 16:14
04/20/20
04/20
16:14
04/20/20
16:14
RBB

RBB Bancorp

$13.20 /

-0.2 (-1.49%)

Reports Q1 Provision for…

Reports Q1 Provision for loan losses $1.945M. "The onset of the COVID-19 pandemic has created unprecedented challenges in our country and the world," said the company. "The physical and financial health of our customers, investors and employees are our paramount concerns. We are committed to helping our local businesses and the communities that we serve during these extremely challenging times. We expect to grant loan deferrals to our customers who need temporary relief, and we will partner with the Small Business Administration to offer loans to affected clients through the Payroll Protection Program. However, we plan to continue to originate new loans across all of our business lines in a disciplined manner." Total deposits, excluding brokered deposits, increased by $220.9M, or 8.32%, from the end of the prior quarter, including a $188.4M contribution from PGB

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RBB RBB Bancorp
$13.20 /

-0.2 (-1.49%)

04/24/19 Sandler O'Neill
RBB Bancorp downgraded to Hold amid 'transition year' at Sandler O'Neill
04/24/19 Sandler O'Neill
RBB Bancorp downgraded to Hold from Buy at Sandler O'Neill
Earnings
RBB Bancorp reports Q4 EPS 52c, consensus 51c » 16:36
01/27/20
01/27
16:36
01/27/20
16:36
RBB

RBB Bancorp

$19.97 /

-0.16 (-0.79%)

Reports Q4 provision for…

Reports Q4 provision for credit losses $659,000, which was primarily attributable to a $92,000 reserve for two non-accrual loans and normal loan growth. "We are very pleased with our financial performance for the year, as we generated the highest level of net income in the history of the Company," said the company. "Our strong results were driven by significant revenue growth, due to both record net interest and noninterest income, well-managed expenses and disciplined balance sheet management. We continued our positive momentum in the fourth quarter, growing our held for investment loan portfolio while also generating strong fee income from loan sales. While our net interest margin was negatively impacted by temporary excess liquidity, our ongoing low credit costs and well-managed expenses enabled us to deliver increased profitability for the quarter."

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RBB RBB Bancorp
$19.97 /

-0.16 (-0.79%)

04/24/19 Sandler O'Neill
RBB Bancorp downgraded to Hold amid 'transition year' at Sandler O'Neill
04/24/19 Sandler O'Neill
RBB Bancorp downgraded to Hold from Buy at Sandler O'Neill
Conference/Events
RBB Bancorp management to meet with Sandler O'Neill » 04:55
12/12/19
12/12
04:55
12/12/19
04:55
RBB

RBB Bancorp

$20.43 /

+0.08 (+0.39%)

Meetings to be held in…

Meetings to be held in New York on December 10 in the Mid-Atlantic area on December 11 and in Chicago on December 12 hosted by Sandler ONeill.

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RBB RBB Bancorp
$20.43 /

+0.08 (+0.39%)

04/24/19 Sandler O'Neill
RBB Bancorp downgraded to Hold amid 'transition year' at Sandler O'Neill
04/24/19 Sandler O'Neill
RBB Bancorp downgraded to Hold from Buy at Sandler O'Neill

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