Shares of SB One Bancorp (NASDAQ:SBBX) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokers have set a 1-year consensus price objective of $27.25 for the company and are predicting that the company will post $0.57 earnings per share for the current quarter, according to Zacks. Zacks has also given SB One Bancorp an industry rank of 145 out of 255 based on the ratings given to its competitors.

Several research analysts have recently weighed in on SBBX shares. ValuEngine raised SB One Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded SB One Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, September 20th.

Shares of SBBX stock traded up $0.11 during trading hours on Thursday, reaching $22.42. 7,300 shares of the company’s stock were exchanged, compared to its average volume of 23,325. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The stock has a market cap of $213.34 million, a PE ratio of 12.05 and a beta of 0.69. The stock’s fifty day moving average price is $22.39 and its two-hundred day moving average price is $22.59. SB One Bancorp has a 1 year low of $19.30 and a 1 year high of $25.62.

SB One Bancorp (NASDAQ:SBBX) last announced its earnings results on Friday, October 25th. The financial services provider reported $0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The business had revenue of $17.79 million for the quarter, compared to analyst estimates of $17.90 million. SB One Bancorp had a return on equity of 10.29% and a net margin of 21.63%. On average, equities analysts expect that SB One Bancorp will post 2.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, November 5th. SB One Bancorp’s payout ratio is 18.28%.

In related news, CEO George Lista sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $23.90, for a total transaction of $59,750.00. Following the completion of the sale, the chief executive officer now directly owns 76,936 shares in the company, valued at $1,838,770.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 7,000 shares of company stock valued at $160,140 over the last quarter. 14.40% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in shares of SB One Bancorp during the first quarter worth approximately $40,000. Acadian Asset Management LLC grew its holdings in SB One Bancorp by 62.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,833 shares of the financial services provider’s stock valued at $41,000 after buying an additional 708 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in SB One Bancorp in the 3rd quarter valued at $41,000. Steward Partners Investment Advisory LLC purchased a new stake in SB One Bancorp in the 2nd quarter valued at $78,000. Finally, Russell Investments Group Ltd. purchased a new stake in SB One Bancorp in the 3rd quarter valued at $145,000. Hedge funds and other institutional investors own 43.02% of the company’s stock.

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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