10 Oversold Bank Stocks To Buy Right Now

6. RBB Bancorp (NASDAQ:RBB)

6-Month Performance: -10.43%

Analysts Upside Potential: 32.91%

RBB Bancorp (NASDAQ:RBB) is a financial company operating as a bank holding company. The holding company oversees two subsidiaries Royal Business Bank and RBB Asset Management Company. The company provides various services mainly aimed at small and medium-sized businesses. It operates branches in several regions, including California, Nevada, New York, Illinois, New Jersey, and Hawaii.

The company recently released its fiscal fourth quarter results for 2024. RBB Bancorp (NASDAQ:RBB) reported a net income of $4.4 million, translating to $0.25 diluted earnings per share. The net income declined quarter-over-quarter as the company generated $7.0 million in net income during the third quarter of 2024. The decline was attributed to an increase in non-performing assets during the quarter, which resulted in credit losses growing from $3.3 million in the previous quarter to $6 million in the fourth quarter.

On the bright side, RBB Bancorp (NASDAQ:RBB) reported a growth in net interest income from $24.5 million in Q3 to $26.0 million. This was boosted by a $130,000 increase in interest income and a $1.3 million decrease in interest expense. It is one of the oversold bank stocks to buy right now.