DB:2FY

Stock Analysis Report

SB One Bancorp

Executive Summary

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.

Snowflake

Fundamentals

Excellent balance sheet and good value.


Similar Companies

Share Price & News

How has SB One Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

2FY

5.2%

DE Banks

3.9%

DE Market


1 Year Return

-4.5%

2FY

-29.3%

DE Banks

3.4%

DE Market

Return vs Industry: 2FY exceeded the German Banks industry which returned -29.3% over the past year.

Return vs Market: 2FY underperformed the German Market which returned 3.4% over the past year.


Shareholder returns

2FYIndustryMarket
7 Day0%5.2%3.9%
30 Day-8.8%0.8%2.1%
90 Day0.3%-7.7%3.7%
1 Year-3.2%-4.5%-27.1%-29.3%6.7%3.4%
3 Yearn/a-4.9%-9.6%18.9%8.6%
5 Yearn/a-12.1%-33.4%41.8%22.5%

Price Volatility Vs. Market

How volatile is SB One Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is SB One Bancorp undervalued compared to its fair value and its price relative to the market?

3.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 2FY (€19.5) is trading below our estimate of fair value (€20.11)

Significantly Undervalued: 2FY is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2FY is good value based on its PE Ratio (10.8x) compared to the Banks industry average (15.8x).

PE vs Market: 2FY is good value based on its PE Ratio (10.8x) compared to the German market (19.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: 2FY is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 2FY is overvalued based on its PB Ratio (1.1x) compared to the DE Banks industry average (0.8x).


Next Steps

Future Growth

How is SB One Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

17.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 2FY's forecast earnings growth (17.2% per year) is above the savings rate (0.2%).

Earnings vs Market: 2FY's earnings (17.2% per year) are forecast to grow faster than the German market (12.6% per year).

High Growth Earnings: 2FY's earnings are forecast to grow, but not significantly.

Revenue vs Market: 2FY's revenue (4.9% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: 2FY's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 2FY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has SB One Bancorp performed over the past 5 years?

34.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 2FY's earnings have grown significantly by 34.8% per year over the past 5 years.

Accelerating Growth: 2FY's earnings growth over the past year (161.1%) exceeds its 5-year average (34.8% per year).

Earnings vs Industry: 2FY earnings growth over the past year (161.1%) exceeded the Banks industry -11.7%.


Return on Equity

High ROE: 2FY's Return on Equity (9.2%) is considered low.


Return on Assets

ROA vs Industry: 2FY has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate 2FY's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is SB One Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 2FY has a low level of unsold assets or inventory.

Debt Coverage by Assets: 2FY's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: 2FY's level of assets compared to its equity is low.

Allowance for Bad Loans: 2FY has a low allowance for bad loans.

Low Risk Liabilities: 2FY's liabilities are made up of primarily low risk sources of funding.

Loan Level: 2FY has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 2FY's loans are broadly funded by customer deposits.

Level of Bad Loans: 2FY has an appropriate level of bad loans (1.14%)


Next Steps

Dividend

What is SB One Bancorp's current dividend yield, its reliability and sustainability?

1.55%

Current Dividend Yield


Dividend Yield vs Market

company1.5%marketbottom25%1.5%markettop25%3.8%industryaverage3.7%forecastin3Years1.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 2FY's dividend (1.55%) is higher than the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: 2FY's dividend (1.55%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: 2FY's dividend payments have been volatile in the past 10 years.

Growing Dividend: 2FY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.7%), 2FY's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of SB One Bancorp's salary, the management and board of directors tenure and is there insider trading?

7.8yrs

Average management tenure


CEO

Tony Labozzetta (55yo)

9.8yrs

Tenure

US$1,229,311

Compensation

Mr. Anthony J. Labozzetta, also known as Tony, has been the Chief Executive Officer and President of SB One Bancorp (formerly known as, Sussex Bancorp) and SB One Bank (formerly known as, Sussex Bank Rebra ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Tony's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Tony's compensation has increased by more than 20% in the past year.


Management Age and Tenure

7.8yrs

Average Tenure

52.5yo

Average Age

Experienced Management: 2FY's management team is seasoned and experienced (7.8 years average tenure).


Board Age and Tenure

2.7yrs

Average Tenure

62.5yo

Average Age

Experienced Board: 2FY's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: 2FY insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

SellUS$54,33118 Sep 19
George Lista
EntityIndividual
Shares2,500
Max PriceUS$21.73
SellUS$51,40429 Aug 19
George Lista
EntityIndividual
Shares2,600
Max PriceUS$19.85
SellUS$50,12516 Aug 19
George Lista
EntityIndividual
Shares2,500
Max PriceUS$20.36
BuyUS$90,39705 Aug 19
Richard Branca
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,400
Max PriceUS$20.54
BuyUS$31,03205 Aug 19
Edward Leppert
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares1,500
Max PriceUS$20.69
BuyUS$9,71126 Jun 19
Peter Michelotti
EntityIndividual
Role
Member of the Board of Directors
Senior EVP
Shares500
Max PriceUS$19.42
SellUS$38,92626 Jun 19
George Lista
EntityIndividual
Shares2,007
Max PriceUS$19.43
SellUS$41,15717 Jun 19
Mark Hontz
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares2,100
Max PriceUS$19.72
BuyUS$3,63410 Jun 19
Vito Giannola
EntityIndividual
Shares184
Max PriceUS$19.75
SellUS$39,98829 May 19
George Lista
EntityIndividual
Shares2,000
Max PriceUS$19.99
SellUS$50,95422 May 19
Robert McNerney
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,500
Max PriceUS$20.38
SellUS$180,75216 May 19
Vito Giannola
EntityIndividual
Shares9,000
Max PriceUS$20.08
BuyUS$57325 Mar 19
Vito Giannola
EntityIndividual
Shares30
Max PriceUS$19.09
BuyUS$20,08914 Mar 19
Dominick D’Agosta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$20.09
BuyUS$3,66113 Mar 19
Anthony Labozzetta
EntityIndividual
Role
Chief Executive Officer
President
Shares180
Max PriceUS$20.34
BuyUS$1,95607 Mar 19
Peter Michelotti
EntityIndividual
Role
Member of the Board of Directors
Senior EVP
Shares96
Max PriceUS$20.38
SellUS$69,31507 Feb 19
Patrick Brady
EntityIndividual
Shares3,578
Max PriceUS$19.40
SellUS$57,09706 Feb 19
Robert McNerney
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$19.27
BuyUS$2,11813 Dec 18
Peter Michelotti
EntityIndividual
Role
Member of the Board of Directors
Senior EVP
Shares106
Max PriceUS$19.98
BuyUS$6,37313 Dec 18
Anthony Labozzetta
EntityIndividual
Role
Chief Executive Officer
President
Shares305
Max PriceUS$20.89
BuyUS$8,11812 Dec 18
Dominick D’Agosta
EntityIndividual
Role
Member of the Board of Directors
Director
Shares392
Max PriceUS$20.71
BuyUS$22,54805 Nov 18
Walter Loeffler
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,066
Max PriceUS$21.15
BuyUS$64,16705 Nov 18
Richard Branca
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,000
Max PriceUS$21.39

Ownership Breakdown


Management Team

  • Tony Labozzetta (55yo)

    President

    • Tenure: 9.8yrs
    • Compensation: US$1.23m
  • George Harper (64yo)

    President of Tri-State Insurance Agency Inc

    • Tenure: 43.8yrs
    • Compensation: US$23.80k
  • Gary Chiusano (68yo)

    • Tenure: 0yrs
  • Patricia Backman

    • Tenure: 0yrs
  • Peter Michelotti (50yo)

    Senior EVP

    • Tenure: 1.8yrs
  • Robin Tomlinson

    Assistant Vice President and Branch Manager of the Franklin Office

    • Tenure: 8.4yrs
  • Linda Kuipers

    Secretary

    • Tenure: 0yrs
  • Adriano Duarte (47yo)

    Executive VP & CFO

    • Tenure: 0.6yrs
  • Crystal Bringuier

    Vice President and Controller

    • Tenure: 7.2yrs
  • Ryan Peene (37yo)

    Senior Vice President of Corporate Development & Government Banking

    • Tenure: 0yrs

Board Members

  • Tony Labozzetta (55yo)

    President

    • Tenure: 9.8yrs
    • Compensation: US$1.23m
  • Richard Branca (71yo)

    Director

    • Tenure: 14.5yrs
    • Compensation: US$59.96k
  • Mark Hontz (52yo)

    Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$85.31k
  • Ed Leppert (59yo)

    Chairman of the Board

    • Tenure: 7.8yrs
    • Compensation: US$121.74k
  • Dominick D’Agosta (77yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$51.58k
  • Salvatore Davino (76yo)

    Director

    • Tenure: 0.8yrs
  • Peter Michelotti (50yo)

    Senior EVP

    • Tenure: 1.8yrs
  • Robert McNerney (60yo)

    Director

    • Tenure: 8yrs
    • Compensation: US$56.76k
  • Walter Loeffler (70yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$67.78k
  • Mike McBride (65yo)

    Director

    • Tenure: 2.7yrs
    • Compensation: US$52.81k

Company Information

SB One Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SB One Bancorp
  • Ticker: 2FY
  • Exchange: DB
  • Founded: 1975
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$205.419m
  • Listing Market Cap: US$184.692m
  • Shares outstanding: 9.34m
  • Website: https://www.sbone.bank

Number of Employees


Location

  • SB One Bancorp
  • 100 Enterprise Drive
  • Suite 700
  • Rockaway
  • New Jersey
  • 7866
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBBXNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDNov 1997
2FYDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1997

Biography

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 segme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 22:16
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.