Deutsche Bank AG Has $893,000 Position in SB One Bancorp (SBBX)

Deutsche Bank AG reduced its position in shares of SB One Bancorp (NASDAQ:SBBX) by 51.9% in the 4th quarter, HoldingsChannel reports. The firm owned 43,760 shares of the financial services provider’s stock after selling 47,278 shares during the period. Deutsche Bank AG’s holdings in SB One Bancorp were worth $893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its position in shares of SB One Bancorp by 5.3% in the 3rd quarter. BlackRock Inc. now owns 359,564 shares of the financial services provider’s stock worth $9,061,000 after buying an additional 18,107 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of SB One Bancorp by 44.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 142,903 shares of the financial services provider’s stock worth $3,601,000 after buying an additional 44,015 shares during the last quarter. Vanguard Group Inc. grew its position in shares of SB One Bancorp by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 418,642 shares of the financial services provider’s stock worth $10,550,000 after buying an additional 45,947 shares during the last quarter. Vanguard Group Inc grew its position in shares of SB One Bancorp by 12.3% in the 3rd quarter. Vanguard Group Inc now owns 418,642 shares of the financial services provider’s stock worth $10,550,000 after buying an additional 45,947 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of SB One Bancorp by 18.2% in the 4th quarter. Bank of New York Mellon Corp now owns 29,591 shares of the financial services provider’s stock worth $604,000 after buying an additional 4,552 shares during the last quarter. 43.56% of the stock is owned by hedge funds and other institutional investors.

Shares of SBBX stock opened at $22.83 on Thursday. The company has a market capitalization of $215.57 million, a PE ratio of 12.27 and a beta of 0.63. SB One Bancorp has a fifty-two week low of $19.30 and a fifty-two week high of $30.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 0.97.

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, topping the Zacks’ consensus estimate of $0.52 by $0.10. The firm had revenue of $18.07 million for the quarter, compared to analyst estimates of $17.35 million. SB One Bancorp had a return on equity of 9.99% and a net margin of 19.25%. Research analysts forecast that SB One Bancorp will post 2.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 27th. Stockholders of record on Monday, May 13th will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.31%. SB One Bancorp’s dividend payout ratio is currently 16.13%.

A number of brokerages have recently weighed in on SBBX. ValuEngine upgraded SB One Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. Boenning Scattergood reiterated a “buy” rating and issued a $28.00 price objective on shares of SB One Bancorp in a research report on Thursday, February 28th. Zacks Investment Research lowered SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, FIG Partners reiterated an “outperform” rating on shares of SB One Bancorp in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $28.00.

ILLEGAL ACTIVITY WARNING: This article was first posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.baseballdailydigest.com/news/2019/05/16/deutsche-bank-ag-has-893000-position-in-sb-one-bancorp-sbbx.html.

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.

Featured Story: Lock-Up Period Expiration

Want to see what other hedge funds are holding SBBX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SB One Bancorp (NASDAQ:SBBX).

Institutional Ownership by Quarter for SB One Bancorp (NASDAQ:SBBX)

Receive News & Ratings for SB One Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SB One Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.