SB One Bancorp (SBBX) Receives Average Rating of “Buy” from Analysts

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Shares of SB One Bancorp (NASDAQ:SBBX) have received a consensus broker rating score of 1.50 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and three have given a strong buy recommendation to the company.

Brokers have set a 1 year consensus price target of $28.67 for the company and are expecting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned SB One Bancorp an industry rank of 154 out of 255 based on the ratings given to related companies.

Several brokerages recently weighed in on SBBX. Zacks Investment Research upgraded shares of SB One Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, November 29th. Boenning Scattergood reiterated a “buy” rating on shares of SB One Bancorp in a report on Monday, October 29th.

In other SB One Bancorp news, Director Robert Mcnerney sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $21.65, for a total value of $64,950.00. Following the completion of the sale, the director now owns 6,363 shares in the company, valued at $137,758.95. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders acquired 803 shares of company stock valued at $18,815. 10.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in 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 valued at $10,550,000 after acquiring an additional 45,947 shares during the period. Vanguard Group Inc raised its holdings in SB One Bancorp by 12.3% during the third quarter. Vanguard Group Inc now owns 418,642 shares of the financial services provider’s stock valued at $10,550,000 after buying an additional 45,947 shares in the last quarter. BlackRock Inc. raised its holdings in SB One Bancorp by 3.0% during the fourth quarter. BlackRock Inc. now owns 370,328 shares of the financial services provider’s stock valued at $7,568,000 after buying an additional 10,764 shares in the last quarter. EJF Capital LLC raised its holdings in SB One Bancorp by 12.4% during the third quarter. EJF Capital LLC now owns 181,588 shares of the financial services provider’s stock valued at $4,576,000 after buying an additional 20,058 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in SB One Bancorp during the second quarter valued at about $4,580,000. Institutional investors own 49.50% of the company’s stock.

Shares of SBBX traded up $0.17 on Friday, reaching $22.14. The company’s stock had a trading volume of 400 shares, compared to its average volume of 32,864. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.32. The company has a market cap of $173.75 million, a price-to-earnings ratio of 11.88 and a beta of 0.64. SB One Bancorp has a 12-month low of $19.30 and a 12-month high of $32.85.

SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings data on Friday, February 1st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. SB One Bancorp had a net margin of 14.71% and a return on equity of 9.89%. The firm had revenue of $13.83 million for the quarter, compared to analysts’ expectations of $14.70 million. As a group, analysts predict that SB One Bancorp will post 2.31 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 20th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Tuesday, February 19th. SB One Bancorp’s dividend payout ratio is currently 16.13%.

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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