Shares of SB One Bancorp (NASDAQ:SBBX) have been assigned an average broker rating score of 2.50 (Hold) from the four analysts that cover the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. SB One Bancorp’s rating score has declined by 150% in the last three months as a result of a number of analysts’ ratings changes.

Brokers have set a one year consensus price objective of $22.42 for the company and are expecting that the company will post $0.51 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SB One Bancorp an industry rank of 204 out of 254 based on the ratings given to related companies.

A number of equities analysts have commented on the stock. DA Davidson lowered shares of SB One Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, May 8th. ValuEngine cut shares of SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Zacks Investment Research cut shares of SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, May 22nd. Finally, Boenning Scattergood cut shares of SB One Bancorp from an “outperform” rating to a “neutral” rating in a research report on Friday, March 13th.

In related news, CEO Anthony J. Labozzetta acquired 2,713 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of $13.51 per share, for a total transaction of $36,652.63. Following the completion of the acquisition, the chief executive officer now directly owns 293,198 shares of the company’s stock, valued at approximately $3,961,104.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Adriano M. Duarte acquired 1,820 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was bought at an average price of $16.00 per share, with a total value of $29,120.00. Following the completion of the acquisition, the chief financial officer now directly owns 16,041 shares of the company’s stock, valued at $256,656. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 6,033 shares of company stock valued at $85,288. 14.40% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of SBBX. Marshall Wace LLP bought a new position in shares of SB One Bancorp in the first quarter valued at approximately $40,000. State Street Corp lifted its stake in SB One Bancorp by 8.8% during the fourth quarter. State Street Corp now owns 155,448 shares of the financial services provider’s stock valued at $3,874,000 after purchasing an additional 12,536 shares during the last quarter. Acadian Asset Management LLC lifted its stake in SB One Bancorp by 31.9% during the fourth quarter. Acadian Asset Management LLC now owns 3,954 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 957 shares during the last quarter. Globeflex Capital L P lifted its stake in SB One Bancorp by 36.6% during the fourth quarter. Globeflex Capital L P now owns 14,985 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 4,015 shares during the last quarter. Finally, Salzhauer Michael lifted its stake in SB One Bancorp by 40.6% during the fourth quarter. Salzhauer Michael now owns 28,970 shares of the financial services provider’s stock valued at $722,000 after purchasing an additional 8,370 shares during the last quarter. Institutional investors and hedge funds own 42.91% of the company’s stock.

SBBX stock traded up $1.42 during midday trading on Wednesday, hitting $19.00. The stock had a trading volume of 470 shares, compared to its average volume of 23,847. The firm has a market cap of $153.85 million, a PE ratio of 8.15 and a beta of 0.94. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.95 and a quick ratio of 0.95. SB One Bancorp has a 12-month low of $10.96 and a 12-month high of $25.24. The company’s 50-day moving average price is $16.90 and its 200 day moving average price is $21.08.

SB One Bancorp (NASDAQ:SBBX) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. SB One Bancorp had a net margin of 22.33% and a return on equity of 10.39%. The firm had revenue of $18.86 million during the quarter, compared to analysts’ expectations of $19.23 million. As a group, sell-side analysts anticipate that SB One Bancorp will post 2.17 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Tuesday, May 12th were given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 1.79%. The ex-dividend date was Monday, May 11th. SB One Bancorp’s dividend payout ratio (DPR) is 15.18%.

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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