BlackRock Amends RBB Bancorp Stake as of Dec 31, 2023
Ticker: RBB · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1499422
| Field | Detail |
|---|---|
| Company | Rbb Bancorp (RBB) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its RBB Bancorp holdings, signaling a potential shift in institutional sentiment.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in RBB Bancorp's Common Stock as of December 31, 2023. This amendment indicates a change in BlackRock's beneficial ownership, which is important for investors as BlackRock is a major institutional investor. This matters to current or prospective RBB Bancorp shareholders because significant changes in holdings by large institutions like BlackRock can signal shifts in investor sentiment or strategy, potentially influencing the stock's perceived value and future performance.
Why It Matters
This filing shows BlackRock's updated position in RBB Bancorp, providing transparency on a major institutional investor's stake and potentially influencing market perception.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently indicate high risk.
Analyst Insight
Investors should monitor subsequent filings from BlackRock or other major institutions for RBB Bancorp to identify any significant changes in ownership percentages, which could indicate a stronger bullish or bearish sentiment.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- RBB Bancorp (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., identified by CIK 0001364742.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company, or issuer, is RBB Bancorp, identified by CIK 0001499422.
What is the CUSIP number for the securities discussed?
The CUSIP number for the Common Stock of RBB Bancorp is 74930B105.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding RBB Bancorp (RBB).