RBB Bancorp price target raised to $15 from $13 at Stephens

Stephens analyst Andrew Terrell raised the firm’s price target on RBB Bancorp to $15 from $13 and keeps an Equal Weight rating on the shares. The company’s Q2 Op. EPS beat the firm’s estimate and it reported a LQA reduction in loan balances, which was driven by portfolio run-off as the company pulled back on non-core lending. Continued loan balance moderation is likely in the near term and the company seemed optimistic on deposit growth in the future, the firm says.