Edward J. Leppert Buys 5,000 Shares of SB One Bancorp (NASDAQ:SBBX) Stock

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SB One Bancorp (NASDAQ:SBBX) Director Edward J. Leppert purchased 5,000 shares of SB One Bancorp stock in a transaction that occurred on Wednesday, September 19th. The shares were bought at an average cost of $26.50 per share, for a total transaction of $132,500.00. Following the transaction, the director now directly owns 57,182 shares of the company’s stock, valued at $1,515,323. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of SBBX traded down $0.13 during trading hours on Friday, reaching $24.21. The stock had a trading volume of 86,391 shares, compared to its average volume of 32,776. SB One Bancorp has a 12 month low of $23.65 and a 12 month high of $32.85. The stock has a market capitalization of $199.83 million, a price-to-earnings ratio of 17.05 and a beta of 0.34. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.94.

SB One Bancorp (NASDAQ:SBBX) last announced its earnings results on Thursday, July 26th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.07). The company had revenue of $13.87 million for the quarter, compared to the consensus estimate of $13.90 million. SB One Bancorp had a return on equity of 9.30% and a net margin of 12.21%. As a group, equities analysts forecast that SB One Bancorp will post 1.94 EPS for the current year.

Large investors have recently made changes to their positions in the stock. EJF Capital LLC bought a new position in SB One Bancorp during the 2nd quarter worth $4,797,000. Seidman Lawrence B bought a new position in shares of SB One Bancorp in the 2nd quarter worth about $8,973,000. Banc Funds Co. LLC raised its position in shares of SB One Bancorp by 28.8% in the 1st quarter. Banc Funds Co. LLC now owns 689,144 shares of the financial services provider’s stock worth $20,950,000 after acquiring an additional 154,267 shares in the last quarter. John W. Rosenthal Capital Management Inc. bought a new position in shares of SB One Bancorp in the 2nd quarter worth about $1,188,000. Finally, Sei Investments Co. bought a new position in shares of SB One Bancorp in the 2nd quarter worth about $122,000. 50.73% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the company. Boenning Scattergood assumed coverage on SB One Bancorp in a report on Monday, October 1st. They issued an “outperform” rating on the stock. ValuEngine downgraded SB One Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Zacks Investment Research downgraded SB One Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Finally, Hovde Group upgraded SB One Bancorp from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $33.00 to $30.00 in a research note on Friday, September 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $32.17.

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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