SB One Bancorp (NASDAQ:SBBX) Director Dominick Dagosta bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of $22.71 per share, for a total transaction of $22,710.00. Following the transaction, the director now owns 4,123 shares of the company’s stock, valued at $93,633.33. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Shares of NASDAQ:SBBX traded up $0.28 during midday trading on Friday, hitting $22.70. The company had a trading volume of 21,301 shares, compared to its average volume of 28,826. SB One Bancorp has a twelve month low of $19.30 and a twelve month high of $31.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $215.88 million, a PE ratio of 12.20 and a beta of 0.62.
SB One Bancorp (NASDAQ:SBBX) last posted its quarterly earnings results on Friday, February 1st. The financial services provider reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. SB One Bancorp had a return on equity of 9.89% and a net margin of 14.71%. The firm had revenue of $13.83 million during the quarter, compared to analysts’ expectations of $14.70 million. As a group, analysts predict that SB One Bancorp will post 2.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 20th were issued a $0.075 dividend. The ex-dividend date was Tuesday, February 19th. This represents a $0.30 annualized dividend and a dividend yield of 1.32%. SB One Bancorp’s dividend payout ratio is presently 16.13%.
SBBX has been the topic of several research reports. Zacks Investment Research upgraded SB One Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Boenning Scattergood set a $28.00 target price on SB One Bancorp and gave the company a “buy” rating in a research report on Friday, January 25th.
Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of SB One Bancorp by 12.3% in the third quarter. Vanguard Group Inc. now owns 418,642 shares of the financial services provider’s stock valued at $10,550,000 after purchasing an additional 45,947 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of SB One Bancorp by 12.3% in the third quarter. Vanguard Group Inc now owns 418,642 shares of the financial services provider’s stock valued at $10,550,000 after purchasing an additional 45,947 shares during the last quarter. EJF Capital LLC increased its holdings in shares of SB One Bancorp by 129.7% in the fourth quarter. EJF Capital LLC now owns 417,111 shares of the financial services provider’s stock valued at $8,526,000 after purchasing an additional 235,523 shares during the last quarter. BlackRock Inc. increased its holdings in shares of SB One Bancorp by 3.0% in the fourth quarter. BlackRock Inc. now owns 370,328 shares of the financial services provider’s stock valued at $7,568,000 after purchasing an additional 10,764 shares during the last quarter. Finally, RMB Capital Management LLC increased its stake in SB One Bancorp by 2.5% during the fourth quarter. RMB Capital Management LLC now owns 358,887 shares of the financial services provider’s stock worth $7,336,000 after acquiring an additional 8,606 shares during the last quarter. 51.97% of the stock is owned by hedge funds and other institutional investors.
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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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