Hovde Group Upgrades RBB, Sets $29 Price Target
Hovde Group has upgraded RBB to a buy rating, setting a price target of $29, a 16% upside from the current price.
Key Points
- On June 16, 2026, Hovde Group upgraded RBB to a buy rating, setting a price target of $29.
- Hovde Group's $29 price target implies 16% upside from RBB Bancorp's ($RBB) current $25 share price.
- RBB shares are trading at $25, with recent insider sales and a mix of institutional activity.
- Institutional investors like BlackRock and Dimensional Fund Advisors adjusted their RBB positions.
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Hovde Group has upgraded its rating for RBB to a buy, setting a new price target of $29 as of June 16, 2026. Shares of RBB are currently trading around $25.
Other Institutional Activity in RBB
FJ Capital Management LLC held steady with 1,511,408 shares valued at approximately $32.3 million. BlackRock, Inc. reduced its stake by 31,684 shares, ending with 1,141,348 shares worth about $24.4 million. Dimensional Fund Advisors LP increased its holdings by 16,695 shares, totaling 830,214 shares valued at around $17.7 million. Vanguard Capital Management LLC added a significant 660,025 shares, bringing its total to 660,025 shares valued at $14.1 million. American Century Companies Inc. also boosted its position by 33,330 shares, holding 467,678 shares worth about $10 million. AllianceBernstein L.P. made a notable increase of 88,285 shares, now holding 382,318 shares valued at about $7.9 million.
RBB Bancorp Stock Down 4.9%
Shares of RBB are trading near $25. The company's performance in the market has seen varied interest from both institutional investors and insiders.
Insider Buying and Selling at RBB Bancorp
There has been some insider activity at RBB recently. On June 4, 2026, Morris David Richard sold 1,946 shares at an average price of $23.99. Earlier, on May 26, 2026, Gary Fan, EVP/Chief Operations Officer, sold 2,368 shares at $24.01. On May 21, 2026, Chuang Lin bought 700 shares, while Scott Polakoff, Frank Wong, and Christina Kao sold 2,546, 2,546, and 2,862 shares, respectively.
Analysts Set New Price Targets
On June 16, 2026, Hovde Group upgraded RBB to a buy rating, setting a price target of $29. Previously, Piper Sandler and Keefe, Bruyette & Woods maintained hold ratings with targets of $21 and $23, respectively. The consensus among analysts is mixed, with a range of hold and buy ratings.
Bottom Line
Hovde Group's recent upgrade to a buy rating for RBB, with a $29 price target, highlights the firm's positive outlook on the company. RBB's stock, trading at $25, is subject to various influences from insider activities and institutional investors. As always, it's important to remember that 13F filings and analyst ratings are backward-looking and may not reflect the current or future positioning.
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