Insider Buying: SB One Bancorp (NASDAQ:SBBX) Insider Purchases 400 Shares of Stock

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SB One Bancorp (NASDAQ:SBBX) insider Anthony J. Labozzetta purchased 400 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were acquired at an average cost of $26.00 per share, with a total value of $10,400.00. Following the purchase, the insider now directly owns 248,736 shares of the company’s stock, valued at approximately $6,467,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SBBX opened at $24.21 on Friday. 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 has a fifty-two week low of $23.65 and a fifty-two week high of $32.85. The stock has a market cap of $199.83 million, a P/E ratio of 17.05 and a beta of 0.34.

SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). SB One Bancorp had a net margin of 12.21% and a return on equity of 9.30%. The firm had revenue of $13.87 million for the quarter, compared to the consensus estimate of $13.90 million. Equities research analysts predict that SB One Bancorp will post 1.94 EPS for the current fiscal year.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SBBX. BlackRock Inc. bought a new position in shares of SB One Bancorp during the second quarter valued at about $10,141,000. Seidman Lawrence B bought a new stake in SB One Bancorp in the second quarter worth about $8,973,000. EJF Capital LLC bought a new stake in SB One Bancorp in the second quarter worth about $4,797,000. Banc Funds Co. LLC raised its position in SB One Bancorp by 28.8% in the first 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 during the period. Finally, Renaissance Technologies LLC bought a new stake in SB One Bancorp in the second quarter worth about $4,580,000. 50.73% of the stock is currently owned by institutional investors.

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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Insider Buying and Selling by Quarter for SB One Bancorp (NASDAQ:SBBX)

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