SB One Bancorp (NASDAQ:SBBX) declared a quarterly dividend on Wednesday, October 24th, NASDAQ reports. Investors of record on Monday, November 12th will be given a dividend of 0.075 per share by the financial services provider on Monday, November 26th. This represents a $0.30 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, November 9th.
SB One Bancorp has increased its dividend payment by an average of 34.7% per year over the last three years. SB One Bancorp has a payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SB One Bancorp to earn $2.37 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 12.7%.
SB One Bancorp stock opened at $23.85 on Friday. SB One Bancorp has a 1-year low of $21.70 and a 1-year high of $32.85. The company has a market capitalization of $189.12 million, a P/E ratio of 13.71 and a beta of 0.38. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.39.
SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. SB One Bancorp had a net margin of 13.22% and a return on equity of 10.08%. The business had revenue of $13.51 million during the quarter, compared to analyst estimates of $14.20 million. Sell-side analysts forecast that SB One Bancorp will post 1.88 EPS for the current year.
In other news, Director Michael X. Mcbride purchased 1,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was purchased at an average cost of $27.50 per share, with a total value of $27,500.00. Following the acquisition, the director now directly owns 6,425 shares in the company, valued at $176,687.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edward J. Leppert purchased 5,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was purchased at an average cost of $26.50 per share, with a total value of $132,500.00. Following the completion of the acquisition, the director now owns 57,182 shares in the company, valued at $1,515,323. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 7,540 shares of company stock valued at $201,389. Insiders own 10.50% of the company’s stock.
A hedge fund recently bought a new stake in SB One Bancorp stock. Bank of New York Mellon Corp purchased a new stake in SB One Bancorp (NASDAQ:SBBX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,146 shares of the financial services provider’s stock, valued at approximately $717,000. Bank of New York Mellon Corp owned 0.30% of SB One Bancorp at the end of the most recent reporting period. 50.71% of the stock is currently owned by hedge funds and other institutional investors.
SBBX has been the subject of several analyst reports. Hovde Group raised shares of SB One Bancorp from a “market perform” rating to an “outperform” rating and cut their price target for the company from $33.00 to $30.00 in a report on Friday, September 21st. ValuEngine downgraded shares of SB One Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Boenning Scattergood initiated coverage on shares of SB One Bancorp in a report on Monday, October 1st. They issued an “outperform” rating for the company. Finally, Zacks Investment Research downgraded shares of SB One Bancorp from a “hold” rating to a “sell” rating in a report on Friday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.17.
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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