FJ Capital Management Discloses 1.69M Share Stake in RBB Bancorp

TL;DR

**FJ Capital Management still holds a big chunk of RBB Bancorp, signaling continued interest.**

AI Summary

FJ Capital Management LLC, a Delaware-based investment firm, has updated its ownership stake in RBB Bancorp (RBB) as of December 31, 2023. The firm, along with its group members Financial Opportunity Fund LLC and Financial Opportunity Long/Short Fund LLC, now collectively holds 1,691,616 shares of RBB's Common Stock, representing a significant portion of the company. This matters to investors because it signals a continued, substantial interest from a professional investment firm, potentially indicating confidence in RBB's future performance.

Why It Matters

This filing shows a major institutional investor's current position in RBB Bancorp, which can influence market perception and investor confidence in the stock.

Risk Assessment

Risk Level: low — This is an update to an existing filing, indicating a stable or slightly adjusted position rather than a new, volatile investment.

Analyst Insight

Investors should note the continued institutional interest in RBB Bancorp from FJ Capital Management LLC, which could be a positive signal, but should also conduct their own due diligence on RBB's fundamentals.

Key Numbers

• 1,691,616 — Shares Beneficially Owned (The total number of RBB Bancorp common shares held by FJ Capital Management LLC and its group as of December 31, 2023.)
• 74930B 10 5 — CUSIP Number (Unique identifier for RBB Bancorp's Common Stock.)
• 12/31/2023 — Date of Event (The date as of which the ownership stake was reported.)

Key Players & Entities

• FJ Capital Management LLC (company) — the reporting person and investment firm
• RBB Bancorp (company) — the subject company whose stock is being reported
• Financial Opportunity Fund LLC (company) — a group member of FJ Capital Management LLC
• Financial Opportunity Long/Short Fund LLC (company) — a group member of FJ Capital Management LLC
• Martin S. Friedman (person) — a group member associated with the reporting entity
• Delaware (company) — place of organization for FJ Capital Management LLC

Forward-Looking Statements

• FJ Capital Management LLC will maintain a significant stake in RBB Bancorp. (FJ Capital Management LLC) — medium confidence, target: 12/31/2024

FAQ

Filing Documents

• eps11128_rbb.htm (SC 13G/A) — 100KB
• 0001171520-24-000075.txt ( ) — 102KB

(a)

Item 1(a). Name of Issuer: RBB Bancorp (RBB)

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 1055 Wilshire Boulevard, 12 th Floor, Suite 1200 Los Angeles, CA 90017

(a)

Item 2(a). Name of Person Filing: This Schedule 13G is being filed on behalf of the following Reporting Persons: Financial Opportunity Fund LLC Financial Opportunity Long/Short Fund LLC FJ Capital Management LLC Martin Friedman

(b)

Item 2(b). Address of Principal Business Office or, if None, Residence: FJ Capital Management, LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Financial Opportunity Fund LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Financial Opportunity Long/Short Fund LLC 7901 Jones Branch Drive, Suite 210 McLean, VA 22102 Martin Friedman 7901 Jones Branch Drive, Suite 210 McLean, VA 22102

(c)

Item 2(c). Citizenship: Financial Opportunity Fund LLC, Financial Opportunity Long/Short Fund LLC, and FJ Capital Management LLC – Delaware limited liability companies Martin Friedman – United States citizen

(d)

Item 2(d). Title of Class of Securities: Common Stock

(e)

Item 2(e). CUSIP Number: 74930B 10 5 CUSIP No. 74930B 10 5 Page 7 of 9 Item 3. If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a: (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) Group, in accordance with §240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: FJ Capital Management LLC – 1,691,616 shares Financial Opportunity Fund LLC – 1,617,456 shares Financial Opportunity Long/Short Fund LLC – 12,828 shares Martin Friedman – 1,691,616 shares (b) Percent of class: FJ Capital Management LLC – 8.91% Financial Opportunity Fund LLC – 8.52% Financial Opportunity Long/Short Fund LLC – 0.07% Martin Friedman – 8.91% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote CUSIP No. 74930B 10 5 Page 8 of 9 All Reporting Persons - 0 (ii) Shared power to vote or to direct

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View this SC 13G/A filing on SEC EDGAR