SB One Bancorp (NASDAQ:SBBX) on the Path to Profitability

SB One Bancorp (NASDAQ:SBBX) on the Path to Profitability


The SB One Bancorp (SBBX) shares are trading at higher $18.51 and the avg recommendation for the stock is Moderate Buy. The current analyst price target stands at $22.44.

To add more color to this target, the company’s high over the last year is $25.24 and the low is $10.96. Over the last 52 weeks, SBBX is down -26.65% while the S&P 500 is up 1.07%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SBBX reported a profit of $15.18 million. SB One Bancorp also saw revenues increase to $20.98 million. In addition, SBBX has free cash flow of $3.7 million as of 03-2020.

SBBX booked profit margins of 26.20%, its Return on Equity (ROE) is 11.20%, and its Return on Assets is 1.10%. All told, it is clear that, SBBX needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SBBX has a short ratio of 2.51 and outstanding shares of 9.26M.

Company Outlook

SBBX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 32960.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.34. Investors should also keep an eye on sector updates as SBBX has historically followed its peers on positive news.

All told, SB One Bancorp SBBX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SBBX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

SB One Bancorp SBBX is now commanding a market cap of 173.44M and a float of 8.07M. SBBX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SBBX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SBBX, either long or short, and we have not been compensated for this article.