RBB Bancorp – Consensus Indicates Potential 10.2% Upside

Broker Ratings

RBB Bancorp found using ticker (RBB) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 30 and 26.5 with the average target price sitting at 28.3. Given that the stocks previous close was at 25.68 this would imply there is a potential upside of 10.2%. There is a 50 day moving average of 25 and the 200 day MA is 23.38. The company has a market capitalisation of $495m. Company Website: http://www.royalbusinessbankusa.com

RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American, Korean-American, and other Asian-American communities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit. The company also offers commercial and industrial lines of credit, term loans, mortgage warehouse lines, and international trade discounts; commercial real estate loans; residential, commercial, and land acquisition and development construction loans; small business administration loans; and single-family residential mortgage loans. In addition, it provides international letters of credit, SWIFT, export advisory, trade finance discount, and foreign exchange services; and remote deposit, e-banking, and mobile banking services. The company primarily offers its products and services to individuals, businesses, municipalities, and other entities. As of December 20, 2020, it operated nine branches in Los Angeles County; one branch in Orange County, Irvine; two branches in Ventura County; one branch in Las Vegas, Nevada; six branches in New York; 1 in Edison, New Jersey; and two branches in Chicago. RBB Bancorp was founded in 2008 and is headquartered in Los Angeles, California.

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