|Over a month ago|
RBB Bancorp resumed with an Overweight at Stephens » 14:1910/2810/28/20
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.
RBB Bancorp reports Q3 EPS 43c, consensus 32c » 16:1010/2610/26/20
"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."
|Over a quarter ago|
RBB Bancorp reports Q2 EPS 33c, consensus 29c » 16:1307/2707/27/20
Net interest margin was…
Net interest margin was 3.42% for the second quarter, an increase from 3.37% in the first quarter.
Fly Intel: Top five analyst initiations » 10:1106/1806/18/20
WSM, INVH, BIP, NLTX, RBB
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.
RBB Bancorp assumed with a Neutral at Piper Sandler » 06:0306/1806/18/20
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.
Janney Montgomery Scott downgrades RBB Bancorp to Neutral on rising provisions » 09:2004/2304/23/20
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%.
RBB Bancorp downgraded to Neutral from Buy at Janney Montgomery Scott » 05:2104/2304/23/20
Janney Montgomery Scott…
Janney Montgomery Scott analyst Timothy Coffey downgraded RBB Bancorp to Neutral from Buy with a $13 price target.
RBB Bancorp reports Q1 EPS 33c, consensus 41c » 16:1404/2004/20/20
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
RBB Bancorp reports Q4 EPS 52c, consensus 51c » 16:3601/2701/27/20
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."
RBB Bancorp management to meet with Sandler O'Neill » 04:5512/1212/12/19
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.