Two Sigma Investments LP Reduces Stock Holdings in SB One Bancorp (NASDAQ:SBBX)

Two Sigma Investments LP cut its stake in shares of SB One Bancorp (NASDAQ:SBBX) by 19.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 10,656 shares of the financial services provider’s stock after selling 2,654 shares during the period. Two Sigma Investments LP’s holdings in SB One Bancorp were worth $181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banc Funds Co. LLC grew its position in SB One Bancorp by 0.4% in the fourth quarter. Banc Funds Co. LLC now owns 843,148 shares of the financial services provider’s stock valued at $21,011,000 after acquiring an additional 3,000 shares in the last quarter. BlackRock Inc. boosted its stake in shares of SB One Bancorp by 0.3% in the first quarter. BlackRock Inc. now owns 436,189 shares of the financial services provider’s stock valued at $7,416,000 after purchasing an additional 1,406 shares during the period. EJF Capital LLC boosted its stake in shares of SB One Bancorp by 7.8% in the fourth quarter. EJF Capital LLC now owns 271,176 shares of the financial services provider’s stock valued at $6,758,000 after purchasing an additional 19,724 shares during the period. Alliancebernstein L.P. grew its holdings in SB One Bancorp by 9.5% during 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 in the last quarter. Finally, State Street Corp increased its stake in SB One Bancorp by 5.8% during the 1st quarter. State Street Corp now owns 164,467 shares of the financial services provider’s stock worth $2,796,000 after buying an additional 9,019 shares during the period. Hedge funds and other institutional investors own 42.91% of the company’s stock.

NASDAQ:SBBX opened at $19.12 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $165.52 million, a price-to-earnings ratio of 8.21 and a beta of 0.90. SB One Bancorp has a one year low of $10.96 and a one year high of $25.24. The stock has a 50-day simple moving average of $17.41 and a 200 day simple moving average of $20.18.

SB One Bancorp (NASDAQ:SBBX) last released its earnings results on Wednesday, April 29th. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. SB One Bancorp had a return on equity of 10.39% and a net margin of 22.33%. The company had revenue of $18.86 million for the quarter, compared to the consensus estimate of $19.23 million. On average, equities research analysts forecast that SB One Bancorp will post 2.29 EPS for the current fiscal year.

Several analysts have recently weighed in on SBBX shares. Zacks Investment Research downgraded SB One Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, May 22nd. DA Davidson lowered SB One Bancorp from a “buy” rating to a “neutral” rating in a research note on Friday, May 8th. ValuEngine lowered SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, Boenning Scattergood lowered shares of SB One Bancorp from an “outperform” rating to a “neutral” rating in a research note on Friday, March 13th.

SB One Bancorp 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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