Salzhauer Michael Increases Holdings in SB One Bancorp (NASDAQ:SBBX)

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Salzhauer Michael raised its stake in shares of SB One Bancorp (NASDAQ:SBBX) by 94.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,600 shares of the financial services provider’s stock after buying an additional 10,000 shares during the period. Salzhauer Michael owned about 0.22% of SB One Bancorp worth $465,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBBX. BlackRock Inc. raised its stake in SB One Bancorp by 17.0% during the 2nd quarter. BlackRock Inc. now owns 416,585 shares of the financial services provider’s stock valued at $9,311,000 after buying an additional 60,386 shares during the last quarter. Banc Funds Co. LLC raised its stake in SB One Bancorp by 5.9% during the 2nd quarter. Banc Funds Co. LLC now owns 839,588 shares of the financial services provider’s stock valued at $18,765,000 after buying an additional 46,610 shares during the last quarter. JPMorgan Chase & Co. raised its stake in SB One Bancorp by 225.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 39,299 shares of the financial services provider’s stock valued at $877,000 after buying an additional 27,223 shares during the last quarter. Kahn Brothers Group Inc. DE purchased a new stake in SB One Bancorp during the 2nd quarter valued at $452,000. Finally, Marshall Wace LLP raised its stake in SB One Bancorp by 941.8% during the 2nd quarter. Marshall Wace LLP now owns 19,169 shares of the financial services provider’s stock valued at $428,000 after buying an additional 17,329 shares during the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

SBBX traded down $0.02 during mid-day trading on Wednesday, reaching $22.87. 18,200 shares of the company traded hands, compared to its average volume of 23,273. 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 $212.02 million, a P/E ratio of 12.30 and a beta of 0.69. SB One Bancorp has a 52-week low of $19.30 and a 52-week high of $24.73. The company’s fifty day moving average price is $22.34 and its 200-day moving average price is $22.59.

SB One Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $17.79 million during the quarter, compared to analysts’ expectations of $17.90 million. SB One Bancorp had a return on equity of 10.29% and a net margin of 21.63%. As a group, sell-side analysts forecast that SB One Bancorp will post 2.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th will be paid a $0.085 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.34 annualized dividend and a dividend yield of 1.49%. SB One Bancorp’s dividend payout ratio (DPR) is 18.28%.

SBBX has been the subject of a number of research reports. ValuEngine upgraded shares of SB One Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of SB One Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, September 20th.

In other news, CEO George Lista sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $23.90, for a total value of $59,750.00. Following the completion of the sale, the chief executive officer now directly owns 76,936 shares in the company, valued at approximately $1,838,770.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 14.40% of the company’s stock.

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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Institutional Ownership by Quarter for SB One Bancorp (NASDAQ:SBBX)

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