SB One Bancorp (NASDAQ:SBBX) Director Walter E. Loeffler purchased 1,500 shares of the stock in a transaction on Friday, March 20th. The shares were purchased at an average cost of $13.01 per share, for a total transaction of $19,515.00. Following the acquisition, the director now directly owns 7,432 shares of the company’s stock, valued at $96,690.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
SB One Bancorp stock opened at $14.74 on Wednesday. The stock has a market cap of $122.50 million, a P/E ratio of 5.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.96 and a quick ratio of 0.96. SB One Bancorp has a 1 year low of $10.96 and a 1 year high of $25.24. The firm’s 50 day moving average price is $20.92 and its 200-day moving average price is $22.81.
SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The firm had revenue of $18.16 million for the quarter, compared to analysts’ expectations of $18.10 million. SB One Bancorp had a net margin of 23.32% and a return on equity of 10.81%. As a group, equities analysts expect that SB One Bancorp will post 2.45 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its position in SB One Bancorp by 31.9% in the fourth quarter. Acadian Asset Management LLC now owns 3,954 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 957 shares during the last quarter. Geode Capital Management LLC increased its position in SB One Bancorp by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 84,556 shares of the financial services provider’s stock worth $2,107,000 after purchasing an additional 1,343 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in SB One Bancorp in the third quarter worth $41,000. Marshall Wace LLP bought a new stake in SB One Bancorp in the first quarter worth $40,000. Finally, Goldman Sachs Group Inc. increased its position in SB One Bancorp by 10.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,466 shares of the financial services provider’s stock worth $784,000 after purchasing an additional 2,851 shares during the last quarter. Hedge funds and other institutional investors own 42.88% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Boenning Scattergood cut shares of SB One Bancorp from an “outperform” rating to a “neutral” rating in a research report on Friday, March 13th. DA Davidson cut shares of SB One Bancorp from a “buy” rating to a “neutral” rating in a research report on Friday, March 13th. Zacks Investment Research cut shares of SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Finally, ValuEngine upgraded shares of SB One Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. SB One Bancorp has an average rating of “Hold” and an average price target of $26.50.
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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