Insider Buying: SB One Bancorp (SBBX) Director Buys 1,000 Shares of Stock

SB One Bancorp (NASDAQ:SBBX) Director Dominick Dagosta bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $22.71 per share, with a total value of $22,710.00. Following the completion of the acquisition, the director now owns 4,123 shares of the company’s stock, valued at approximately $93,633.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NASDAQ SBBX traded up $0.28 during trading on Friday, reaching $22.70. 21,301 shares of the company’s stock were exchanged, compared to its average volume of 28,826. The company has a market capitalization of $215.88 million, a price-to-earnings ratio of 12.20 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.94 and a quick ratio of 0.94. SB One Bancorp has a 1 year low of $19.30 and a 1 year high of $31.90.

SB One Bancorp (NASDAQ:SBBX) last announced its quarterly earnings results on Friday, February 1st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. The company had revenue of $13.83 million during the quarter, compared to the consensus estimate of $14.70 million. SB One Bancorp had a return on equity of 9.89% and a net margin of 14.71%. As a group, equities research analysts expect that SB One Bancorp will post 2.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 20th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Tuesday, February 19th. SB One Bancorp’s dividend payout ratio (DPR) is 16.13%.

A number of research analysts recently issued reports on SBBX shares. Zacks Investment Research upgraded SB One Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Boenning Scattergood set a $28.00 target price on SB One Bancorp and gave the company a “buy” rating in a report on Friday, January 25th.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in SB One Bancorp by 5.3% during the 3rd quarter. BlackRock Inc. now owns 359,564 shares of the financial services provider’s stock worth $9,061,000 after buying an additional 18,107 shares during the last quarter. Vanguard Group Inc lifted its holdings in SB One Bancorp by 12.3% during the 3rd quarter. Vanguard Group Inc now owns 418,642 shares of the financial services provider’s stock worth $10,550,000 after buying an additional 45,947 shares during the last quarter. EJF Capital LLC lifted its holdings in SB One Bancorp by 129.7% during the 4th 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 last quarter. Bank of America Corp DE purchased a new stake in SB One Bancorp during the 2nd quarter worth about $123,000. Finally, Dimensional Fund Advisors LP lifted its holdings in SB One Bancorp by 44.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 142,903 shares of the financial services provider’s stock worth $3,601,000 after buying an additional 44,015 shares during the last quarter. 51.97% of the stock is owned by institutional investors.

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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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