Shares of SB One Bancorp (NASDAQ:SBBX) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation. SB One Bancorp’s rating score has improved by 33.3% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 12-month consensus price objective of $28.50 for the company and are predicting that the company will post $0.52 earnings per share for the current quarter, according to Zacks. Zacks has also given SB One Bancorp an industry rank of 209 out of 255 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on SBBX shares. Zacks Investment Research raised shares of SB One Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Boenning Scattergood set a $28.00 price objective on shares of SB One Bancorp and gave the company a “buy” rating in a research note on Friday, January 25th. Finally, ValuEngine lowered shares of SB One Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th.
Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. lifted its position 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 acquiring an additional 574 shares during the period. Bank of America Corp DE lifted its position 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 acquiring an additional 4,060 shares during the period. First Trust Advisors LP lifted its position in shares of SB One Bancorp by 88.3% during the 3rd quarter. First Trust Advisors LP now owns 21,107 shares of the financial services provider’s stock valued at $532,000 after acquiring an additional 9,900 shares during the period. Bank of New York Mellon Corp lifted its position in shares of SB One Bancorp by 18.2% during the 4th quarter. Bank of New York Mellon Corp now owns 29,591 shares of the financial services provider’s stock valued at $604,000 after acquiring an additional 4,552 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of SB One Bancorp by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 65,748 shares of the financial services provider’s stock valued at $1,343,000 after acquiring an additional 3,658 shares during the period. Institutional investors own 43.49% of the company’s stock.
Shares of NASDAQ:SBBX traded down $0.20 during trading on Wednesday, reaching $22.18. The stock had a trading volume of 4,391 shares, compared to its average volume of 21,167. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 0.98. SB One Bancorp has a 52 week low of $19.30 and a 52 week high of $31.10. The firm has a market cap of $210.46 million, a P/E ratio of 11.92 and a beta of 0.60.
SB One Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Friday, February 1st. The financial services provider reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. SB One Bancorp had a net margin of 14.71% and a return on equity of 9.32%. The company had revenue of $13.83 million for the quarter, compared to analyst estimates of $14.70 million. As a group, sell-side analysts anticipate that SB One Bancorp will post 2.32 earnings per share for the current 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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