Shares of SB One Bancorp (NASDAQ:SBBX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus target price of $28.50 for the company and are predicting that the company will post $0.63 EPS for the current quarter, according to Zacks. Zacks has also given SB One Bancorp an industry rank of 171 out of 256 based on the ratings given to its competitors.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of SB One Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Boenning Scattergood restated a “buy” rating and set a $28.00 price objective on shares of SB One Bancorp in a research note on Thursday, February 28th. ValuEngine cut shares of SB One Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Finally, FIG Partners reiterated an “outperform” rating on shares of SB One Bancorp in a research report on Wednesday, April 24th.
Shares of NASDAQ SBBX traded up $0.01 during midday trading on Monday, reaching $22.30. 130 shares of the company traded hands, compared to its average volume of 26,583. SB One Bancorp has a 52 week low of $19.30 and a 52 week high of $30.65. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.35. The stock has a market cap of $211.21 million, a P/E ratio of 11.98 and a beta of 0.68.
SB One Bancorp (NASDAQ:SBBX) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.10. SB One Bancorp had a net margin of 19.25% and a return on equity of 9.99%. The business had revenue of $18.07 million for the quarter, compared to analysts’ expectations of $17.35 million. On average, sell-side analysts anticipate that SB One Bancorp will post 2.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, May 10th. SB One Bancorp’s dividend payout ratio (DPR) is presently 16.13%.
In other SB One Bancorp news, CEO George Lista sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $22.25, for a total value of $44,500.00. Following the sale, the chief executive officer now directly owns 86,543 shares in the company, valued at $1,925,581.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark J. Hontz sold 2,100 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $22.10, for a total transaction of $46,410.00. Following the completion of the sale, the director now owns 9,510 shares in the company, valued at $210,171. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,600 shares of company stock worth $350,335. 14.40% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. Banc Funds Co. LLC raised its position in SB One Bancorp by 17.6% in the first quarter. Banc Funds Co. LLC now owns 792,978 shares of the financial services provider’s stock worth $17,223,000 after acquiring an additional 118,800 shares in the last quarter. Vanguard Group Inc. raised its position in SB One Bancorp by 12.3% in the third quarter. Vanguard Group Inc. now owns 418,642 shares of the financial services provider’s stock worth $10,550,000 after acquiring an additional 45,947 shares in the last quarter. EJF Capital LLC raised its position in SB One Bancorp by 129.7% in the fourth quarter. EJF Capital LLC now owns 417,111 shares of the financial services provider’s stock worth $8,526,000 after acquiring an additional 235,523 shares in the last quarter. BlackRock Inc. increased its stake in SB One Bancorp by 3.0% in the 4th quarter. BlackRock Inc. now owns 370,328 shares of the financial services provider’s stock worth $7,568,000 after purchasing an additional 10,764 shares in the last quarter. Finally, RMB Capital Management LLC increased its stake in SB One Bancorp by 2.5% in the 4th quarter. RMB Capital Management LLC now owns 358,887 shares of the financial services provider’s stock worth $7,336,000 after purchasing an additional 8,606 shares in the last quarter. Hedge funds and other institutional investors own 41.39% of the company’s stock.
About SB One Bancorp
SB One Bancorp operates as a bank holding company for SB One Bank that provides commercial banking and related financial services to individual, business, and government customers. It operates in two segments, Banking and Financial Services, and Insurance Services. The company's deposit products include personal and business checking, money market, and savings accounts, as well as time and demand deposits.
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