EJF Capital LLC Has $5.35 Million Stock Holdings in SB One Bancorp (NASDAQ:SBBX)

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EJF Capital LLC cut its holdings in SB One Bancorp (NASDAQ:SBBX) by 13.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 239,413 shares of the financial services provider’s stock after selling 35,712 shares during the quarter. EJF Capital LLC owned approximately 2.53% of SB One Bancorp worth $5,351,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its holdings in SB One Bancorp by 515.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,513 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 1,267 shares during the last quarter. Marshall Wace LLP bought a new position in SB One Bancorp in the first quarter valued at about $40,000. Acadian Asset Management LLC boosted its holdings in SB One Bancorp by 62.9% in the second quarter. Acadian Asset Management LLC now owns 1,833 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 708 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in SB One Bancorp in the second quarter valued at about $78,000. Finally, Bank of America Corp DE boosted its holdings in SB One Bancorp by 149.8% in the fourth quarter. Bank of America Corp DE now owns 6,770 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 4,060 shares during the last quarter. Institutional investors own 43.06% of the company’s stock.

SBBX has been the topic of several recent research reports. ValuEngine upgraded SB One Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research cut SB One Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. SB One Bancorp currently has an average rating of “Hold” and an average price target of $28.00.

SB One Bancorp stock traded down $1.77 during mid-day trading on Thursday, hitting $22.05. The stock had a trading volume of 974 shares, compared to its average volume of 24,124. The stock has a 50-day simple moving average of $22.60 and a two-hundred day simple moving average of $22.54. The stock has a market capitalization of $226.87 million, a PE ratio of 11.85 and a beta of 0.68. SB One Bancorp has a 12 month low of $19.30 and a 12 month high of $27.15. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34.

SB One Bancorp (NASDAQ:SBBX) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. SB One Bancorp had a return on equity of 10.09% and a net margin of 21.20%. The firm had revenue of $19.38 million for the quarter, compared to analysts’ expectations of $18.20 million. Sell-side analysts expect that SB One Bancorp will post 2.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.34 dividend on an annualized basis and a yield of 1.54%. This is a boost from SB One Bancorp’s previous quarterly dividend of $0.08. SB One Bancorp’s dividend payout ratio (DPR) is 18.28%.

In other SB One Bancorp news, Director Edward J. Leppert purchased 1,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $22.89 per share, with a total value of $34,335.00. Following the completion of the transaction, the director now directly owns 28,227 shares in the company, valued at approximately $646,116.03. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Lista sold 2,007 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $21.96, for a total value of $44,073.72. Following the sale, the chief executive officer now directly owns 84,937 shares in the company, valued at approximately $1,865,216.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,007 shares of company stock worth $159,674. Company insiders own 14.40% 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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Institutional Ownership by Quarter for SB One Bancorp (NASDAQ:SBBX)

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