SB One Bancorp (SBBX) EVP Vito Giannola Sells 9,000 Shares

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SB One Bancorp (NASDAQ:SBBX) EVP Vito Giannola sold 9,000 shares of SB One Bancorp stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $22.50, for a total value of $202,500.00. Following the transaction, the executive vice president now owns 62,712 shares in the company, valued at approximately $1,411,020. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Vito Giannola also recently made the following trade(s):

  • On Friday, March 22nd, Vito Giannola purchased 30 shares of SB One Bancorp stock. The shares were acquired at an average price of $21.56 per share, for a total transaction of $646.80.

NASDAQ SBBX traded down $0.30 during trading hours on Friday, reaching $22.82. The company had a trading volume of 799 shares, compared to its average volume of 21,091. SB One Bancorp has a 1-year low of $19.30 and a 1-year high of $30.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.97 and a quick ratio of 0.98. The stock has a market capitalization of $216.32 million, a P/E ratio of 12.26 and a beta of 0.63.

SB One Bancorp (NASDAQ:SBBX) last posted its earnings results on Tuesday, April 23rd. The financial services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. SB One Bancorp had a net margin of 19.25% and a return on equity of 9.99%. The company had revenue of $18.07 million for the quarter, compared to analysts’ expectations of $17.35 million. As a group, analysts anticipate that SB One Bancorp will post 2.53 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Shareholders of record on Monday, May 13th will be given a $0.075 dividend. The ex-dividend date is Friday, May 10th. This represents a $0.30 dividend on an annualized basis and a yield of 1.31%. SB One Bancorp’s payout ratio is currently 16.13%.

A number of research firms have recently issued reports on SBBX. Zacks Investment Research raised shares of SB One Bancorp from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a report on Friday, April 26th. FIG Partners reaffirmed an “outperform” rating on shares of SB One Bancorp in a report on Wednesday, April 24th. ValuEngine raised shares of SB One Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Boenning Scattergood reaffirmed a “buy” rating and issued a $28.00 target price on shares of SB One Bancorp in a research report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $28.00.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its position in shares of SB One Bancorp by 515.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,513 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,267 shares in the last quarter. Marshall Wace LLP purchased a new position in SB One Bancorp in the first quarter valued at approximately $40,000. Citigroup Inc. increased its stake in SB One Bancorp by 29.2% in the fourth quarter. Citigroup Inc. now owns 2,537 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 574 shares during the last quarter. Bank of America Corp DE increased its stake in SB One Bancorp by 149.8% in the fourth quarter. Bank of America Corp DE now owns 6,770 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 4,060 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in SB One Bancorp in the first quarter valued at approximately $211,000. 43.56% of the stock is currently owned by institutional investors.

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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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