SB One Bancorp (SBBX) Given Average Recommendation of “Strong Buy” by Analysts

Shares of SB One Bancorp (NASDAQ:SBBX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.

Brokerages have set a one year consensus target price of $28.50 for the company and are expecting that the company will post $0.63 earnings per share for the current quarter, according to Zacks. Zacks has also given SB One Bancorp an industry rank of 163 out of 256 based on the ratings given to its competitors.

A number of equities analysts have recently commented on SBBX shares. ValuEngine raised SB One Bancorp from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research downgraded SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 27th. Boenning Scattergood reissued a “buy” rating and set a $28.00 price objective on shares of SB One Bancorp in a research report on Thursday, February 28th. Finally, FIG Partners restated an “outperform” rating on shares of SB One Bancorp in a research note on Wednesday, April 24th.

NASDAQ SBBX traded up $0.03 during trading on Friday, hitting $22.05. The stock had a trading volume of 17,179 shares, compared to its average volume of 24,244. The company has a market cap of $208.92 million, a P/E ratio of 11.85 and a beta of 0.63. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.97 and a quick ratio of 0.97. SB One Bancorp has a twelve month low of $19.30 and a twelve month high of $30.65.

SB One Bancorp (NASDAQ:SBBX) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.62 EPS for the quarter, topping 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. On average, analysts anticipate that SB One Bancorp will post 2.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 13th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, May 10th. SB One Bancorp’s payout ratio is 16.13%.

In related news, CEO George Lista sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $22.25, for a total transaction of $44,500.00. Following the completion of the sale, the chief executive officer now owns 86,543 shares in the company, valued at $1,925,581.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Mcnerney sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $22.77, for a total value of $56,925.00. Following the sale, the director now owns 4,197 shares of the company’s stock, valued at approximately $95,565.69. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 1,306 shares of company stock valued at $29,708 and have sold 13,500 shares valued at $303,925. 14.40% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its stake in SB One Bancorp by 515.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,513 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,267 shares during the last quarter. Marshall Wace LLP purchased a new stake in SB One Bancorp during the first quarter worth approximately $40,000. Citigroup Inc. lifted its stake in SB One Bancorp by 29.2% during the fourth quarter. Citigroup Inc. now owns 2,537 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 574 shares during the last quarter. Bank of America Corp DE lifted its stake in SB One Bancorp by 149.8% during the fourth quarter. Bank of America Corp DE now owns 6,770 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 4,060 shares during the last quarter. Finally, Rhumbline Advisers purchased a new stake in SB One Bancorp during the first quarter worth approximately $211,000. 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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