SB One Bancorp (NASDAQ:SBBX) Stock Passes Below Two Hundred Day Moving Average of $19.24

Shares of SB One Bancorp (NASDAQ:SBBX) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.24 and traded as low as $17.65. SB One Bancorp shares last traded at $18.51, with a volume of 299,736 shares traded.

Several analysts have recently commented on SBBX shares. Zacks Investment Research cut shares of SB One Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 8th. DA Davidson cut shares of SB One Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, May 8th.

The stock’s fifty day moving average price is $18.31 and its 200-day moving average price is $19.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $174.28 million, a PE ratio of 8.49 and a beta of 0.92.

SB One Bancorp (NASDAQ:SBBX) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.02. The business had revenue of $18.86 million during the quarter, compared to the consensus estimate of $19.23 million. SB One Bancorp had a net margin of 22.33% and a return on equity of 10.39%. Sell-side analysts forecast that SB One Bancorp will post 2.29 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of SB One Bancorp in the 1st quarter valued at about $40,000. Citigroup Inc. increased its holdings in SB One Bancorp by 94.3% during the 1st quarter. Citigroup Inc. now owns 3,556 shares of the financial services provider’s stock valued at $60,000 after acquiring an additional 1,726 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in SB One Bancorp by 36.4% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 4,775 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 1,275 shares in the last quarter. Beese Fulmer Investment Management Inc. purchased a new position in SB One Bancorp during the 2nd quarter valued at about $176,000. Finally, UBS Group AG increased its holdings in SB One Bancorp by 58.6% during the 4th quarter. UBS Group AG now owns 12,316 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 4,552 shares in the last quarter. Institutional investors and hedge funds own 42.91% of the company’s stock.

SB One Bancorp Company Profile (NASDAQ:SBBX)

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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