RBB Stock Summary and Trading Ideas (RBB Bancorp | NASDAQ:RBB)

RBB Bancorp operates as a bank holding company. It provides various banking products and services such as checking, savings, money market accounts, and certificates of deposits. Its Specific services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, Small Business Administration (SBA) 7A and 504 loans, mortgage loans, trade finance, and a full range of depository accounts. It generates its revenue from interest received on loans and leases and, to a lesser extent, from interest received on investment securities and derives income from noninterest sources, such as fees received in connection with various lending and deposit services, loan servicing, gain on sales of loans, and wealth management services.

RBB Bancorp trades on the NASDAQ stock market under the symbol RBB.

As of April 24, 2024, RBB stock price climbed to $18.27 with 8,717 million shares trading.

RBB has a beta of 1.78, meaning it tends to be more sensitive to market movements. RBB has a correlation of 0.20 to the broad based SPY ETF.

RBB has a market cap of $339.42 million. This is considered a Small Cap stock.

Last quarter RBB Bancorp reported $28 million in Revenue and $.43 earnings per share. This beat revenue expectation by $599,000 and exceeded earnings estimates by $.09.

In the last 3 years, RBB stock traded as high as $29.09 and as low as $8.62.

The top ETF exchange traded funds that RBB belongs to (by Net Assets): IWM, VTI, VXF, AVUV, IWN.

RBB has outperformed the market in the last year with a price return of +34.6% while the SPY ETF gained +24.1%. However, in the short term, RBB had mixed performance relative to the market. It has underperformed in the last 3 months, returning -0.1% vs +4.4% return in SPY. But in the last 2 weeks, RBB shares have fared better than the market returning +5.0% compared to SPY -2.8%.

RBB support price is $17.82 and resistance is $18.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RBB stock will trade within this expected range on the day.