Hovde Group Upgrades RBB Bancorp to Buy, Sets $29 Target
Hovde Group has raised its rating on RBB Bancorp to buy, setting a target price of $29.
Key Points
- Hovde Group analyst Brendan Nosal upgraded RBB Bancorp to a buy with a new price target of $29 on June 16, 2026.
- RBB Bancorp, trading around $25, has a market cap of $435.4 million and a P/E ratio of 10.89.
- Recent insider activity included multiple sales and purchases, with insider Chuang Lin buying 700 shares on May 21, 2026.
Hovde Group analyst Brendan Nosal has upgraded RBB Bancorp (NasdaqGS: RBB) to a buy rating, setting a new price target of $29. This upgrade, announced on June 16, 2026, reflects a positive outlook for the bank, which is currently trading around $25.
RBB Bancorp Stock Snapshot
Shares of NasdaqGS:RBB are trading near $25. RBB Bancorp has a market cap of approximately $435.4 million, with a P/E ratio of 10.89 and a forward P/E of 10.38. The stock has seen a 52-week low of $15.95 and a high of $26.10, with a 50-day moving average of $23.69 and a 200-day moving average of $21.22. The bank's beta is 1.05, indicating moderate volatility.
Recent Earnings
RBB Bancorp reported revenue of $126.8 million, growing by 0.61%. The company posted an EPS of $2.36, with a net margin of 32.29% and a return on equity of 7.87%. The next earnings report is scheduled for July 20, 2026.
Dividend
RBB Bancorp offers a dividend rate of $0.64, yielding 2.49%. The dividend payout ratio stands at 27.12%.
Insider Buying and Selling at RBB Bancorp
Recent insider transactions include Morris David Richard selling 1,946 shares at $23.99 on June 4, 2026, and EVP/Chief Operations Officer Gary Fan selling 2,368 shares at $24.01 on May 26, 2026. On May 21, 2026, insider Chuang Lin purchased 700 shares, while Christina Kao bought 2,862 shares.
Analysts Set New Price Targets
On June 16, 2026, Hovde Group upgraded RBB Bancorp to a buy with a $29 price target. Piper Sandler and Keefe, Bruyette & Woods have maintained hold ratings with targets of $21 and $23, respectively. The consensus target is $25.80 from five analyst opinions.
About RBB Bancorp
RBB Bancorp is the holding company for Royal Business Bank, serving Asian-centric communities in the U.S. with a range of banking services. Based in Los Angeles, California, and led by CEO Mr. Johnny Lee, the bank operates branches across California and Hawaii. Established in 2008, it offers business and consumer banking products, including deposits and various loan types.
Bottom Line
Hovde Group's upgrade to a buy rating with a $29 target suggests confidence in RBB Bancorp's prospects. As a regional bank with a focus on Asian-American communities, RBB Bancorp's financial health and market presence make it a company to watch. Keep in mind that analyst ratings are forward-looking opinions and may not reflect the current market conditions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.