Shares of SB One Bancorp (NASDAQ:SBBX) have earned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating. SB One Bancorp’s rating score has improved by 33.3% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 1-year consensus price objective of $28.50 for the company and are expecting 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 187 out of 256 based on the ratings given to its competitors.
A number of equities research analysts have recently weighed in on SBBX shares. Zacks Investment Research upgraded SB One Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine downgraded SB One Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Finally, Boenning Scattergood reiterated a “buy” rating and issued a $28.00 price target on shares of SB One Bancorp in a report on Thursday, February 28th.
SBBX stock traded down $0.15 during midday trading on Friday, hitting $22.67. 546 shares of the company’s stock were exchanged, compared to its average volume of 21,129. The company has a quick ratio of 0.98, a current ratio of 0.97 and a debt-to-equity ratio of 0.35. SB One Bancorp has a 12-month low of $19.30 and a 12-month high of $30.75. The company has a market capitalization of $215.57 million, a PE ratio of 12.19 and a beta of 0.63.
SB One Bancorp (NASDAQ:SBBX) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. SB One Bancorp had a return on equity of 9.99% and a net margin of 19.25%. The business had revenue of $18.07 million during the quarter, compared to the consensus estimate of $17.35 million. As a group, sell-side analysts anticipate that SB One Bancorp will post 2.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 27th. Investors of record on Monday, May 13th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, May 10th. This represents a $0.30 dividend on an annualized basis and a yield of 1.32%. SB One Bancorp’s payout ratio is currently 16.13%.
Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its stake in SB One Bancorp by 515.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,513 shares of the financial services provider’s stock worth $33,000 after buying an additional 1,267 shares during the last quarter. Marshall Wace LLP bought a new position in SB One Bancorp during the 1st quarter worth $40,000. Citigroup Inc. grew its stake in SB One Bancorp by 29.2% during the 4th quarter. Citigroup Inc. now owns 2,537 shares of the financial services provider’s stock worth $52,000 after buying an additional 574 shares during the last quarter. Bank of America Corp DE grew its stake in SB One Bancorp by 149.8% during the 4th quarter. Bank of America Corp DE now owns 6,770 shares of the financial services provider’s stock worth $139,000 after buying an additional 4,060 shares during the last quarter. Finally, Rhumbline Advisers bought a new position in SB One Bancorp during the 1st quarter worth $211,000. Hedge funds and other institutional investors own 43.56% 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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