RBB Bancorp price target raised to $21.50 from $21 at Piper Sandler

Piper Sandler raised the firm’s price target on RBB Bancorp to $21.50 from $21 and keeps a Neutral rating on the shares following quarterly results. The firm is encouraged by the restoration of relationship oriented growth, pending net interest income/net interest margin inflection, and capital return but remains on the sidelines largely due to valuation.