SB One Bancorp (NASDAQ:SBBX) Share Price Passes Below 200-Day Moving Average of $19.24

SB One Bancorp (NASDAQ:SBBX) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $19.24 and traded as low as $17.65. SB One Bancorp shares last traded at $18.51, with a volume of 299,736 shares changing hands.

A number of research firms have weighed in on SBBX. Zacks Investment Research cut shares of SB One Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 8th. DA Davidson cut shares of SB One Bancorp from a “buy” rating to a “neutral” rating in a report on Friday, May 8th.

The company’s 50-day moving average price is $18.31 and its 200-day moving average price is $19.24. The firm has a market cap of $174.28 million, a price-to-earnings ratio of 8.49 and a beta of 0.92. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.34.

SB One Bancorp (NASDAQ:SBBX) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.02. The business had revenue of $18.86 million for the quarter, compared to analyst estimates of $19.23 million. SB One Bancorp had a net margin of 22.33% and a return on equity of 10.39%. Analysts predict that SB One Bancorp will post 2.29 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in SB One Bancorp by 0.3% during the first quarter. BlackRock Inc. now owns 436,189 shares of the financial services provider’s stock worth $7,416,000 after acquiring an additional 1,406 shares during the last quarter. Tudor Investment Corp Et Al acquired a new position in SB One Bancorp during the first quarter worth about $4,130,000. Alliancebernstein L.P. boosted its holdings in SB One Bancorp by 9.5% in the 1st quarter. Alliancebernstein L.P. now owns 175,508 shares of the financial services provider’s stock valued at $2,984,000 after purchasing an additional 15,298 shares during the last quarter. State Street Corp boosted its holdings in SB One Bancorp by 5.8% in the 1st quarter. State Street Corp now owns 164,467 shares of the financial services provider’s stock valued at $2,796,000 after purchasing an additional 9,019 shares during the last quarter. Finally, BHZ Capital Management LP acquired a new position in SB One Bancorp in the 1st quarter valued at about $2,621,000. Hedge funds and other institutional investors own 42.91% of the company’s stock.

About SB One Bancorp (NASDAQ:SBBX)

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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