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 closed on Friday at $21.89.
Zwick commented:
“We believe the risk/reward profile is favorable today, with shares trading at a discount to peers on both a P/E (9.3x 2019E vs. 11.7x 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 -2.1% and a 43.2% success rate. Zwick covers the Financial sector, focusing on stocks such as Bankwell Financial Group, Community Bank System, and The Bank of Princeton.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SB One Bancorp with a $27.50 average price target.
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Based on SB One Bancorp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $2.35 million. In comparison, last year the company had a net profit of $513K.
Based on the recent corporate insider activity of 136 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SBBX in relation to earlier this year.
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SB One Bancorp is a bank holding company, which engages in the provision of commercial banking services through the Sussex Bank. It offers services including personal and business checking accounts and time deposits, money market accounts and savings accounts.
