BUZZ-RBB Bancorp rises on $18 million stock repurchase plan

Reuters
05-30
BUZZ-<a href="https://laohu8.com/S/RBB">RBB Bancorp</a> rises on $18 million stock repurchase plan

** 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;))

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