Salzhauer Michael purchased a new stake in SB One Bancorp (NASDAQ:SBBX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,600 shares of the financial services provider’s stock, valued at approximately $237,000.
Several other institutional investors have also recently bought and sold shares of SBBX. BNP Paribas Arbitrage SA grew its stake in shares of SB One Bancorp by 515.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,513 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,267 shares during the period. Marshall Wace LLP purchased a new stake in shares of SB One Bancorp in the 1st quarter valued at approximately $40,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of SB One Bancorp in the 2nd quarter valued at approximately $78,000. Bank of America Corp DE grew its stake in shares of SB One Bancorp by 149.8% in 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 buying an additional 4,060 shares during the period. Finally, Rhumbline Advisers purchased a new stake in shares of SB One Bancorp in the 1st quarter valued at approximately $211,000. 40.54% of the stock is owned by institutional investors and hedge funds.
Shares of SB One Bancorp stock traded down $0.12 during mid-day trading on Thursday, hitting $22.16. The stock had a trading volume of 15 shares, compared to its average volume of 23,818. The firm has a 50-day moving average of $22.69 and a two-hundred day moving average of $22.50. SB One Bancorp has a 12-month low of $19.30 and a 12-month high of $28.15. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm has a market cap of $213.53 million, a P/E ratio of 11.98 and a beta of 0.66.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Stockholders of record on Tuesday, August 13th will be issued a $0.085 dividend. This is a positive change from SB One Bancorp’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Monday, August 12th. SB One Bancorp’s dividend payout ratio is currently 18.28%.
In other news, Director Mark J. Hontz sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $22.10, for a total value of $46,410.00. Following the transaction, the director now directly owns 9,510 shares in the company, valued at approximately $210,171. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Lista sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $22.25, for a total transaction of $44,500.00. Following the completion of the transaction, the chief executive officer now owns 86,543 shares in the company, valued at $1,925,581.75. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 2,184 shares of company stock worth $49,441 and sold 8,607 shares worth $190,834. Corporate insiders own 14.40% of the company’s stock.
Several research firms have recently weighed in on SBBX. Zacks Investment Research cut shares of SB One Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. FIG Partners reissued an “outperform” rating on shares of SB One Bancorp in a research note on Wednesday, April 24th. Finally, ValuEngine raised shares of SB One Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.00.
SB One Bancorp 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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