SB One Bancorp (NASDAQ:SBBX) Given $28.50 Average Target Price by Analysts

Shares of SB One Bancorp (NASDAQ:SBBX) have earned an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $28.50 for the company and are expecting that the company will post $0.61 earnings per share for the current quarter, according to Zacks. Zacks has also given SB One Bancorp an industry rank of 185 out of 256 based on the ratings given to related companies.

Several brokerages have issued reports on SBBX. Zacks Investment Research lowered SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. ValuEngine lowered SB One Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Boenning Scattergood restated a “buy” rating and set a $28.00 target price on shares of SB One Bancorp in a research report on Thursday, February 28th. Finally, FIG Partners restated an “outperform” rating on shares of SB One Bancorp in a research report on Wednesday, April 24th.

Shares of NASDAQ SBBX opened at $22.30 on Tuesday. The stock’s 50 day moving average is $22.45. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.35. SB One Bancorp has a 1-year low of $19.30 and a 1-year high of $30.40. The company has a market capitalization of $210.50 million, a PE ratio of 11.99 and a beta of 0.68.

SB One Bancorp (NASDAQ:SBBX) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.10. SB One Bancorp had a return on equity of 9.99% and a net margin of 19.25%. The company had revenue of $18.07 million for the quarter, compared to analysts’ expectations of $17.35 million. As a group, equities analysts predict that SB One Bancorp will post 2.51 EPS for the current year.

In related news, Director Mark J. Hontz sold 2,100 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $22.10, for a total value of $46,410.00. Following the completion of the sale, the director now owns 9,510 shares in the company, valued at $210,171. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Lista sold 2,007 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $21.96, for a total value of $44,073.72. Following the completion of the sale, the chief executive officer now owns 84,937 shares of the company’s stock, valued at approximately $1,865,216.52. The disclosure for this sale can be found here. Insiders have sold 17,607 shares of company stock valued at $394,409 in the last 90 days. 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% in the first 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 period. Marshall Wace LLP purchased a new stake in shares of SB One Bancorp in the first quarter valued at approximately $40,000. Citigroup Inc. boosted its holdings in shares of SB One Bancorp by 29.2% in the fourth 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 period. Bank of America Corp DE boosted its holdings in shares of SB One Bancorp by 149.8% in the fourth 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 period. Finally, Rhumbline Advisers purchased a new stake in shares of SB One Bancorp in the first quarter valued at approximately $211,000. Hedge funds and other institutional investors own 41.39% of the company’s stock.

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.

Further Reading: What is Net Asset Value (NAV)?

Get a free copy of the Zacks research report on SB One Bancorp (SBBX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SB One Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SB One Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.