SB One Bancorp (NASDAQ:SBBX) Director Michael X. Mcbride acquired 1,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was acquired at an average cost of $27.50 per share, for a total transaction of $27,500.00. Following the completion of the transaction, the director now directly owns 6,425 shares in the company, valued at approximately $176,687.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

SBBX stock traded up $0.20 during midday trading on Friday, hitting $28.00. The company’s stock had a trading volume of 27,122 shares, compared to its average volume of 31,712. The stock has a market capitalization of $222.43 million, a PE ratio of 19.58 and a beta of 0.35. SB One Bancorp has a 12 month low of $19.75 and a 12 month high of $32.85. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39.

SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.07). The business had revenue of $13.87 million during the quarter, compared to the consensus estimate of $13.90 million. SB One Bancorp had a net margin of 12.21% and a return on equity of 9.30%. research analysts predict that SB One Bancorp will post 1.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 23rd. Investors of record on Thursday, August 9th will be given a $0.075 dividend. The ex-dividend date is Wednesday, August 8th. This represents a $0.30 annualized dividend and a yield of 1.07%. SB One Bancorp’s dividend payout ratio (DPR) is presently 21.13%.

Separately, Zacks Investment Research raised SB One Bancorp from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Saturday, April 28th.

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in SB One Bancorp in the 2nd quarter valued at approximately $123,000. Renaissance Technologies LLC bought a new position in SB One Bancorp in the 2nd quarter valued at approximately $4,580,000. EJF Capital LLC bought a new position in SB One Bancorp in the 2nd quarter valued at approximately $4,797,000. PNC Financial Services Group Inc. bought a new position in SB One Bancorp in the 2nd quarter valued at approximately $854,000. Finally, Dimensional Fund Advisors LP bought a new position in SB One Bancorp in the 2nd quarter valued at approximately $2,937,000. 42.31% of the stock is currently owned by institutional investors and hedge funds.

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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