SB One Bancorp (NASDAQ:SBBX) Director Robert Mcnerney sold 2,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $22.77, for a total transaction of $56,925.00. Following the completion of the transaction, the director now owns 4,197 shares in the company, valued at $95,565.69. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SB One Bancorp stock traded down $0.02 during trading hours on Wednesday, hitting $23.28. 5 shares of the company traded hands, compared to its average volume of 24,599. The stock has a market cap of $216.13 million, a price-to-earnings ratio of 12.45 and a beta of 0.63. The company has a current ratio of 0.97, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. SB One Bancorp has a 1-year low of $19.30 and a 1-year high of $30.65.

SB One Bancorp (NASDAQ:SBBX) last announced its earnings results on Tuesday, April 23rd. The financial services provider reported $0.62 EPS for the quarter, topping 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 company had revenue of $18.07 million during the quarter, compared to analysts’ expectations of $17.35 million. Research analysts expect that SB One Bancorp will post 2.53 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Shareholders of record on Monday, May 13th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, May 10th. SB One Bancorp’s payout ratio is 16.13%.

Several brokerages recently weighed in on SBBX. Zacks Investment Research downgraded shares of SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Boenning Scattergood reiterated a “buy” rating and issued a $28.00 price objective on shares of SB One Bancorp in a research report on Thursday, February 28th. ValuEngine downgraded shares of SB One Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Finally, FIG Partners reiterated an “outperform” rating on shares of SB One Bancorp in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. SB One Bancorp currently has a consensus rating of “Buy” and an average price target of $28.00.

Several institutional investors and hedge funds have recently made changes to their positions in SBBX. EJF Capital LLC boosted 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 worth $8,526,000 after buying an additional 235,523 shares during the period. Banc Funds Co. LLC boosted its holdings in shares of SB One Bancorp by 17.6% during the first quarter. Banc Funds Co. LLC now owns 792,978 shares of the financial services provider’s stock worth $17,223,000 after purchasing an additional 118,800 shares during the period. Mendon Capital Advisors Corp boosted its holdings in shares of SB One Bancorp by 22.4% during the fourth quarter. Mendon Capital Advisors Corp now owns 308,860 shares of the financial services provider’s stock worth $6,313,000 after purchasing an additional 56,593 shares during the period. Vanguard Group Inc boosted its holdings in shares of SB One Bancorp by 12.3% during the third quarter. Vanguard Group Inc now owns 418,642 shares of the financial services provider’s stock worth $10,550,000 after purchasing an additional 45,947 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of SB One Bancorp by 12.3% during the third quarter. Vanguard Group Inc. now owns 418,642 shares of the financial services provider’s stock worth $10,550,000 after purchasing an additional 45,947 shares during the period. Institutional investors own 43.56% of the company’s stock.

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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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Insider Buying and Selling by Quarter for SB One Bancorp (NASDAQ:SBBX)

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