Shares of SB One Bancorp (NASDAQ:SBBX) have been given a consensus broker rating score of 2.33 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12 month consensus price target of $32.75 for the company and are forecasting that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also given SB One Bancorp an industry rank of 164 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded shares of SB One Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in shares of SB One Bancorp by 4.4% during the fourth quarter. Wells Fargo & Company MN now owns 65,347 shares of the financial services provider’s stock valued at $1,754,000 after acquiring an additional 2,732 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of SB One Bancorp during the second quarter valued at about $122,000. Bank of America Corp DE acquired a new stake in shares of SB One Bancorp during the second quarter valued at about $123,000. Commonwealth Equity Services LLC acquired a new stake in shares of SB One Bancorp during the second quarter valued at about $210,000. Finally, First Trust Advisors LP acquired a new stake in shares of SB One Bancorp during the second quarter valued at about $333,000. Institutional investors and hedge funds own 42.31% of the company’s stock.
SBBX stock remained flat at $$28.05 during trading on Thursday. 17,200 shares of the company’s stock were exchanged, compared to its average volume of 31,928. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.39. SB One Bancorp has a one year low of $19.75 and a one year high of $32.85. The stock has a market capitalization of $222.43 million, a P/E ratio of 19.75 and a beta of 0.35.
SB One Bancorp (NASDAQ:SBBX) last issued its earnings results on Thursday, July 26th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). SB One Bancorp had a return on equity of 9.30% and a net margin of 12.21%. The firm had revenue of $13.87 million for the quarter, compared to analysts’ expectations of $13.90 million. analysts anticipate that SB One Bancorp will post 1.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 23rd. Shareholders of record on Thursday, August 9th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Wednesday, August 8th. SB One Bancorp’s dividend payout ratio (DPR) is presently 21.13%.
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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