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In recent transactions filed with the SEC, RBB Bancorp (NASDAQ:RBB) Director James Kao acquired a total of 9,312 shares of the company’s common stock. The purchases took place on February 21 and February 24, 2025, at prices ranging from $17.237 to $17.3062 per share, amounting to approximately $160,742. The timing appears strategic, as InvestingPro data shows the stock has declined about 24% over the past six months and is currently trading at just 0.61 times book value.
Following these transactions, Dr. Kao holds a total of 557,823 shares in RBB Bancorp. Additionally, he has 700 restricted stock units pending vesting. These acquisitions reflect continued investment in the company by its director, signaling potential confidence in RBB Bancorp’s future performance. InvestingPro analysis reveals the $309.4M market cap bank has maintained dividend payments for 9 consecutive years, with analysts setting price targets up to $23, suggesting significant upside potential. Get the complete analysis and 7 additional ProTips with an InvestingPro subscription.
In other recent news, RBB Bancorp reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $0.25, which was below the expected $0.36. Despite this shortfall, the company’s revenue exceeded forecasts, reaching $28.71 million compared to the anticipated $28.12 million. Analysts from Stephens revised their price target for RBB Bancorp to $23.00 from $25.00, maintaining an Equal Weight rating on the stock. The adjustment followed the company’s lower-than-expected earnings, primarily due to a higher Loan Loss Provision. RBB Bancorp’s credit quality faced challenges, with a significant portion of its construction and development loans moving to non-performing status.
Despite these issues, the bank completed its previous share buyback authorization in 2024 and may consider further buybacks if non-performing loans improve. Looking forward, analysts anticipate low to mid-single-digit loan growth for RBB Bancorp in 2025, with potential net interest margin expansion expected in the latter half of the year. The company is focusing on resolving non-performing assets by the end of 2025. Additionally, Johnny Lee has taken over as the new CEO, emphasizing the bank’s strategic focus on relationship-driven business banking.
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