Shares of SB One Bancorp (NASDAQ:SBBX) have been given a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation. SB One Bancorp’s rating score has improved by 33.3% from three months ago as a result of various analysts’ ratings changes.
Brokerages have set a one year consensus price objective of $28.50 for the company and are anticipating that the company will post $0.52 EPS for the current quarter, according to Zacks. Zacks has also given SB One Bancorp an industry rank of 138 out of 255 based on the ratings given to its competitors.
Several analysts have recently commented on SBBX shares. Zacks Investment Research upgraded shares of SB One Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, January 3rd. Boenning Scattergood set a $28.00 price objective on shares of SB One Bancorp and gave the company a “buy” rating in a research report on Friday, January 25th.
Shares of SB One Bancorp stock traded up $0.28 on Monday, hitting $22.70. 30,601 shares of the company’s stock were exchanged, compared to its average volume of 28,826. The stock has a market capitalization of $215.70 million, a PE ratio of 12.20 and a beta of 0.62. SB One Bancorp has a 1 year low of $19.30 and a 1 year high of $31.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.94.
SB One Bancorp (NASDAQ:SBBX) last issued its quarterly earnings results on Friday, February 1st. The financial services provider reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $13.83 million for the quarter, compared to analysts’ expectations of $14.70 million. SB One Bancorp had a net margin of 14.71% and a return on equity of 9.89%. As a group, research analysts anticipate that SB One Bancorp will post 2.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 20th were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, February 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.32%. SB One Bancorp’s payout ratio is 16.13%.
In other news, Director Robert Mcnerney sold 3,000 shares of the firm’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $21.65, for a total transaction of $64,950.00. Following the sale, the director now directly owns 6,363 shares in the company, valued at approximately $137,758.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 1,276 shares of company stock worth $29,061 over the last 90 days. Insiders own 10.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in SBBX. Bank of America Corp DE bought a new stake in SB One Bancorp in the 2nd quarter valued at $123,000. Northern Trust Corp bought a new stake in SB One Bancorp in the 2nd quarter valued at $615,000. First Trust Advisors LP increased its holdings in SB One Bancorp by 88.3% in the 3rd quarter. First Trust Advisors LP now owns 21,107 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 9,900 shares during the last quarter. Victory Capital Management Inc. increased its holdings in SB One Bancorp by 26.9% in the 3rd quarter. Victory Capital Management Inc. now owns 47,200 shares of the financial services provider’s stock valued at $1,189,000 after acquiring an additional 10,000 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in SB One Bancorp in the 3rd quarter valued at $440,000. Institutional investors own 51.97% of the company’s stock.
SB One Bancorp Company Profile
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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