SB One Bancorp (NASDAQ:SBBX) CEO Acquires $36,652.63 in Stock

SB One Bancorp (NASDAQ:SBBX) CEO Anthony J. Labozzetta acquired 2,713 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was acquired at an average price of $13.51 per share, with a total value of $36,652.63. Following the acquisition, the chief executive officer now owns 293,198 shares in the company, valued at approximately $3,961,104.98. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NASDAQ SBBX opened at $15.13 on Thursday. SB One Bancorp has a fifty-two week low of $10.96 and a fifty-two week high of $25.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day simple moving average of $20.74 and a two-hundred day simple moving average of $22.78. The stock has a market cap of $138.79 million, a P/E ratio of 6.30 and a beta of 0.78.

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 for the quarter, topping the consensus estimate of $0.56 by $0.01. SB One Bancorp had a return on equity of 10.81% and a net margin of 23.32%. The business had revenue of $18.16 million during the quarter, compared to analysts’ expectations of $18.10 million. Sell-side analysts predict that SB One Bancorp will post 2.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 11th were given a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Monday, February 10th. SB One Bancorp’s dividend payout ratio is currently 15.18%.

Several large investors have recently made changes to their positions in the company. State Street Corp lifted its position in shares of SB One Bancorp by 8.2% during the 3rd quarter. State Street Corp now owns 142,912 shares of the financial services provider’s stock worth $3,224,000 after purchasing an additional 10,856 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of SB One Bancorp during the third quarter worth about $41,000. Russell Investments Group Ltd. acquired a new position in shares of SB One Bancorp during the third quarter worth about $145,000. Rhumbline Advisers increased its stake in shares of SB One Bancorp by 9.8% during the third quarter. Rhumbline Advisers now owns 11,781 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 1,054 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of SB One Bancorp by 54.8% during the third quarter. First Trust Advisors LP now owns 16,734 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 5,925 shares during the period. 42.88% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut SB One Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. DA Davidson cut SB One Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, March 13th. Boenning Scattergood cut SB One Bancorp from an “outperform” rating to a “neutral” rating in a report on Friday, March 13th. Finally, ValuEngine upgraded SB One Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. SB One Bancorp presently has an average rating of “Hold” and a consensus target price 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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