RBB Bancorp rises on $18 million stock repurchase plan

RBB BANCORP

30/05/2025 15:50

** Community lender RBB Bancorp's RBB.O shares rise as much as 2.4%; last up 1.1% at $16.60

** Los Angeles, California-based RBB late Thursday announced up to $18 million stock repurchase plan through June 30, 2026

** Repurchases to be made in block trades, open market or private transactions

** Analysts expect RBB to be active on the repurchase front through remainder of 2025 given the bank's shares are trading a discount to book value

** All 5 brokerages covering the stock rate "hold"; median PT $18 - data compiled by LSEG

** As of last close, RBB stock down 19.9% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))