SB One Bancorp (NASDAQ:SBBX) CEO George Lista Sells 2,500 Shares of Stock

SB One Bancorp (NASDAQ:SBBX) CEO George Lista sold 2,500 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $22.34, for a total transaction of $55,850.00. Following the sale, the chief executive officer now directly owns 82,052 shares in the company, valued at approximately $1,833,041.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

George Lista also recently made the following trade(s):

  • On Friday, June 21st, George Lista sold 2,007 shares of SB One Bancorp stock. The stock was sold at an average price of $21.96, for a total transaction of $44,073.72.
  • On Wednesday, May 29th, George Lista sold 2,000 shares of SB One Bancorp stock. The stock was sold at an average price of $22.25, for a total transaction of $44,500.00.

SB One Bancorp stock traded up $0.59 during trading hours on Friday, hitting $22.84. The stock had a trading volume of 11,700 shares, compared to its average volume of 24,041. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $211.17 million, a P/E ratio of 10.74 and a beta of 0.66. SB One Bancorp has a 12-month low of $19.30 and a 12-month high of $28.25. The stock’s 50-day moving average price is $22.66 and its 200-day moving average price is $22.48.

SB One Bancorp (NASDAQ:SBBX) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. The business had revenue of $19.38 million during the quarter, compared to analysts’ expectations of $18.20 million. SB One Bancorp had a net margin of 21.20% and a return on equity of 10.09%. On average, research analysts expect that SB One Bancorp will post 2.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, August 13th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Monday, August 12th. This is a boost from SB One Bancorp’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 1.49%. SB One Bancorp’s payout ratio is 18.28%.

A number of institutional investors have recently modified their holdings of SBBX. BlackRock Inc. lifted its stake in shares of SB One Bancorp by 3.0% during the 4th quarter. BlackRock Inc. now owns 370,328 shares of the financial services provider’s stock worth $7,568,000 after acquiring an additional 10,764 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of SB One Bancorp by 18.2% during the 4th quarter. Bank of New York Mellon Corp now owns 29,591 shares of the financial services provider’s stock worth $604,000 after acquiring an additional 4,552 shares during the last quarter. Northern Trust Corp lifted its stake in shares of SB One Bancorp by 6.9% during the 4th quarter. Northern Trust Corp now owns 73,820 shares of the financial services provider’s stock worth $1,509,000 after acquiring an additional 4,736 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of SB One Bancorp by 20.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 172,749 shares of the financial services provider’s stock worth $3,531,000 after acquiring an additional 29,846 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of SB One Bancorp by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 65,748 shares of the financial services provider’s stock worth $1,343,000 after acquiring an additional 3,658 shares during the last quarter. 41.69% of the stock is owned by institutional investors and hedge funds.

Several research firms recently commented on SBBX. FIG Partners reissued an “outperform” rating on shares of SB One Bancorp in a research note on Wednesday, April 24th. ValuEngine raised shares of SB One Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research cut shares of SB One Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, July 27th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $28.00.

About SB One Bancorp

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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