Shares of SB One Bancorp (NASDAQ:SBBX) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $27.75 for the company and are expecting that the company will post $0.58 earnings per share for the current quarter, according to Zacks. Zacks has also given SB One Bancorp an industry rank of 210 out of 255 based on the ratings given to its competitors.
Several research analysts have recently commented on the company. Zacks Investment Research lowered SB One Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, September 20th. ValuEngine raised SB One Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st.
In other SB One Bancorp news, Director Edward J. Leppert bought 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were purchased at an average cost of $22.89 per share, for a total transaction of $34,335.00. Following the purchase, the director now directly owns 28,227 shares in the company, valued at $646,116.03. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Lista sold 2,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $23.90, for a total value of $59,750.00. Following the transaction, the chief executive officer now owns 76,936 shares in the company, valued at $1,838,770.40. The disclosure for this sale can be found here. Insiders own 14.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Banc Funds Co. LLC grew its stake in SB One Bancorp by 5.9% during the 2nd quarter. Banc Funds Co. LLC now owns 839,588 shares of the financial services provider’s stock worth $18,765,000 after buying an additional 46,610 shares during the last quarter. Vanguard Group Inc. grew its stake in SB One Bancorp by 3.2% during the 2nd quarter. Vanguard Group Inc. now owns 433,982 shares of the financial services provider’s stock worth $9,700,000 after buying an additional 13,300 shares during the last quarter. BlackRock Inc. grew its stake in SB One Bancorp by 17.0% during the 2nd quarter. BlackRock Inc. now owns 416,585 shares of the financial services provider’s stock worth $9,311,000 after buying an additional 60,386 shares during the last quarter. Renaissance Technologies LLC grew its stake in SB One Bancorp by 12.1% during the 2nd quarter. Renaissance Technologies LLC now owns 100,900 shares of the financial services provider’s stock worth $2,255,000 after buying an additional 10,900 shares during the last quarter. Finally, Northern Trust Corp grew its stake in SB One Bancorp by 4.0% during the 2nd quarter. Northern Trust Corp now owns 81,233 shares of the financial services provider’s stock worth $1,815,000 after buying an additional 3,092 shares during the last quarter. Hedge funds and other institutional investors own 43.06% of the company’s stock.
Shares of NASDAQ SBBX opened at $22.55 on Wednesday. The firm has a market cap of $207.95 million, a PE ratio of 12.12 and a beta of 0.69. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. SB One Bancorp has a twelve month low of $19.30 and a twelve month high of $25.62. The business has a fifty day simple moving average of $22.63 and a two-hundred day simple moving average of $22.59.
SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The firm had revenue of $19.38 million during the quarter, compared to analyst estimates of $18.20 million. SB One Bancorp had a return on equity of 10.09% and a net margin of 21.20%. On average, research analysts expect that SB One Bancorp will post 2.31 earnings per share for the current year.
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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