Boenning & Scattergood analyst Erik Zwick maintained a Buy rating on SB One Bancorp (SBBX) today and set a price target of $28. The company’s shares opened today at $22.99.
Zwick said:
“We continue to see multiple catalysts for the stock to close the valuation gap with peers, including: 1) successful execution of acquisition-related cost saves, 2) improving profitability, and 3) above- peer organic balance sheet growth. We believe the risk/reward profile is favorable today, with shares trading at a discount to peers on both a P/E (9.0x 2019E vs. 11.6x peers) and P/TBV (1.4x vs. 1.5x peers) basis. Our rating remains Outperform with a price target of $28.”
According to TipRanks.com, Zwick is a 1-star analyst with an average return of -0.6% and a 49.0% success rate. Zwick covers the Financial sector, focusing on stocks such as The First Of Long Island Corp, Provident Financial Services, and Bankwell Financial Group.
Currently, the analyst consensus on SB One Bancorp is a Moderate Buy with an average price target of $28.
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The company has a one-year high of $30.90 and a one-year low of $19.30. Currently, SB One Bancorp has an average volume of 38.11K.
Based on the recent corporate insider activity of 148 insiders, corporate insider sentiment is negative on the stock.
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SB One Bancorp is a bank holding company, which engages in the provision of commercial banking services through the SB One Bank. It operates through Banking and Financial Services, and Insurance Services. Its services include personal and business checking accounts and time deposits, money market accounts and savings accounts.
