SB One Bancorp (NASDAQ:SBBX) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $23.38 and last traded at $23.80, with a volume of 406 shares changing hands. The stock had previously closed at $23.93.

A number of brokerages recently issued reports on SBBX. Zacks Investment Research cut shares of SB One Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. ValuEngine cut shares of SB One Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. 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, Hovde Group upgraded shares of SB One Bancorp from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $33.00 to $30.00 in a report on Friday, September 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $32.17.

The firm has a market cap of $189.12 million, a PE ratio of 15.00 and a beta of 0.33. 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 (NASDAQ:SBBX) last issued its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 analyst estimates of $13.90 million. As a group, equities research analysts forecast that SB One Bancorp will post 1.94 earnings per share for the current fiscal year.

In related news, Director Michael X. Mcbride purchased 1,000 shares of the business’s stock in a transaction on Wednesday, August 15th. The shares were purchased at an average price of $27.50 per share, with a total value of $27,500.00. Following the completion of the purchase, the director now owns 6,425 shares in the company, valued at approximately $176,687.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark J. Hontz sold 2,350 shares of SB One Bancorp stock in a transaction that occurred on Tuesday, July 31st. The shares were sold at an average price of $28.57, for a total transaction of $67,139.50. Following the completion of the transaction, the director now directly owns 11,213 shares in the company, valued at approximately $320,355.41. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 7,540 shares of company stock worth $201,389. Insiders own 10.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp bought a new position in SB One Bancorp in the second quarter valued at approximately $615,000. Bank of New York Mellon Corp bought a new position in SB One Bancorp in the second quarter valued at approximately $717,000. Bank of America Corp DE bought a new position in SB One Bancorp in the second quarter valued at approximately $123,000. Renaissance Technologies LLC bought a new position in SB One Bancorp in the second quarter valued at approximately $4,580,000. Finally, EJF Capital LLC bought a new position in SB One Bancorp in the second quarter valued at approximately $4,797,000. 50.73% of the stock is currently owned by hedge funds and other institutional investors.

SB One Bancorp Company Profile (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.

Recommended Story: What are earnings reports?

Receive News & Ratings for SB One Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SB One Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.