In a recent transaction on May 16, James Kao, a director at RBB Bancorp (NASDAQ:RBB), acquired 5,447 shares of the company's common stock at no cost. This acquisition increases Kao's total holdings in the bank to 541,511 shares.
The transaction was disclosed in a regulatory filing, which also noted that Kao received 1,600 restricted stock units (RSUs) from RBB Bancorp. Of these RSUs, 900 vested immediately and the remaining 700 are set to vest one year from the date of the grant. Furthermore, Kao received an additional 4,547 RSUs which also vested immediately.
The filing included footnotes indicating that the vested RSUs do not have an expiration date and that the unvested RSUs are due to vest in the following year. Following the transactions, Kao now owns 700 RSUs that are yet to vest.
Investors often monitor insider transactions such as these for insights into how corporate executives view the company's stock and its prospects. Insider acquisitions can be seen as a sign of confidence in the company's future performance.
InvestingPro Insights
In the wake of insider transactions at RBB Bancorp, investors are keen to understand the company's financial health and future prospects. An InvestingPro Tip highlights that RBB has raised its dividend for three consecutive years, indicating a commitment to returning value to shareholders. This is bolstered by a dividend yield of 3.36% as of the last dividend ex-date on April 30, 2024, showcasing the company's attractive income-generating potential.
On the performance front, RBB Bancorp has demonstrated a high return over the last year, with a one-year price total return of 100.29%. This is complemented by a strong return over the last month of 15.57%, suggesting robust short-term performance that may interest potential investors.
From a valuation standpoint, RBB Bancorp's market capitalization stands at $351.66 million USD, and the stock is trading close to its 52-week high, at 94.31% of that peak. The P/E ratio, a measure of the company's current share price relative to its per-share earnings, is 9.1, with an adjusted P/E ratio for the last twelve months as of Q1 2024 at a slightly lower 8.73. These metrics provide a snapshot of the company's valuation in the current market context.
For investors seeking more comprehensive analysis and additional InvestingPro Tips, including insights into earnings revisions and profitability, visit InvestingPro's dedicated RBB Bancorp page. Remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With 7 more InvestingPro Tips available, investors can gain a deeper understanding of RBB Bancorp's financial landscape.
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