Shares of SB One Bancorp (NASDAQ:SBBX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price target of $28.50 for the company and are predicting that the company will post $0.61 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SB One Bancorp an industry rank of 168 out of 256 based on the ratings given to its competitors.
A number of brokerages have recently commented on SBBX. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. FIG Partners restated an “outperform” rating on shares of Two Rivers Bancorp in a research note on Wednesday, April 24th. Finally, Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th.
In other SB One Bancorp news, EVP Vito Giannola sold 9,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $22.50, for a total value of $202,500.00. Following the sale, the executive vice president now directly owns 62,712 shares of the company’s stock, valued at approximately $1,411,020. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George Lista sold 2,007 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $21.96, for a total transaction of $44,073.72. Following the completion of the sale, the chief executive officer now directly owns 84,937 shares in the company, valued at $1,865,216.52. The disclosure for this sale can be found here. Insiders have sold 17,607 shares of company stock worth $394,409 over the last 90 days. 14.40% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in SB One Bancorp by 515.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,513 shares of the financial services provider’s stock worth $33,000 after buying an additional 1,267 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of SB One Bancorp during the 1st quarter worth about $40,000. Citigroup Inc. boosted its stake in shares of SB One Bancorp by 29.2% during the 4th 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 boosted its position in shares of 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 worth $139,000 after acquiring an additional 4,060 shares during the last quarter. Finally, Rhumbline Advisers acquired a new stake in shares of SB One Bancorp in the first quarter worth approximately $211,000. Institutional investors and hedge funds own 41.39% of the company’s stock.
SBBX traded up $0.14 during mid-day trading on Wednesday, reaching $22.86. 1,272 shares of the company traded hands, compared to its average volume of 28,987. The firm has a market cap of $215.28 million, a PE ratio of 12.29 and a beta of 0.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s fifty day moving average is $22.34. SB One Bancorp has a 52-week low of $19.30 and a 52-week high of $29.65.
SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.52 by $0.10. SB One Bancorp had a net margin of 19.25% and a return on equity of 9.99%. The business had revenue of $18.07 million during the quarter, compared to the consensus estimate of $17.35 million. On average, research analysts forecast that SB One Bancorp will post 2.51 earnings per share for the current year.
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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