Shares of SB One Bancorp (NASDAQ:SBBX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $28.67 for the company and are expecting that the company will post $0.64 earnings per share for the current quarter, according to Zacks. Zacks has also given SB One Bancorp an industry rank of 192 out of 256 based on the ratings given to related companies.

Several analysts have weighed in on the company. FIG Partners reaffirmed an “outperform” rating on shares of Two Rivers Bancorp in a research report on Wednesday, April 24th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research cut ZEALAND PHARMA/S from a “buy” rating to a “hold” rating in a research report on Saturday.

In related news, CEO George Lista sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $22.25, for a total value of $44,500.00. Following the completion of the transaction, the chief executive officer now directly owns 86,543 shares in the company, valued at approximately $1,925,581.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Mcnerney sold 2,500 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $95,565.69. The disclosure for this sale can be found here. Insiders have sold 17,607 shares of company stock valued at $394,409 over the last quarter. Company insiders own 14.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its holdings in shares of SB One Bancorp by 515.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,513 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,267 shares during the last quarter. Marshall Wace LLP bought a new position in shares of SB One Bancorp during the 1st quarter valued at about $40,000. Citigroup Inc. boosted its holdings in shares of SB One Bancorp by 29.2% during the 4th quarter. Citigroup Inc. now owns 2,537 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 574 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of SB One Bancorp during the 2nd quarter valued at about $78,000. Finally, Bank of America Corp DE boosted its holdings in shares of SB One Bancorp by 149.8% during the 4th quarter. Bank of America Corp DE now owns 6,770 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 4,060 shares during the last quarter. Institutional investors own 41.30% of the company’s stock.

Shares of NASDAQ SBBX traded down $0.63 during trading hours on Thursday, hitting $22.75. The company’s stock had a trading volume of 3,441 shares, compared to its average volume of 17,128. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $224.28 million, a PE ratio of 12.23 and a beta of 0.65. SB One Bancorp has a 12 month low of $19.30 and a 12 month high of $29.05. The stock has a 50-day moving average price of $22.51.

SB One Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The business had revenue of $19.38 million for the quarter, compared to analysts’ expectations of $18.20 million. SB One Bancorp had a return on equity of 10.33% and a net margin of 21.20%. On average, equities research analysts anticipate that SB One Bancorp will post 2.51 earnings per share for the current fiscal year.

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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