NasdaqGM:SBBX

Stock Analysis Report

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.

Rewards

PE ratio (11.1x) is below the US market (18.4x)

Earnings are forecast to grow 8.98% per year

Earnings grew by 142.1% over the past year

Risk Analysis

Shareholders have been diluted in the past year



Snowflake Analysis

Solid track record with excellent balance sheet.


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

Stable Share Price: SBBX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.5%

SBBX

2.7%

US Banks

1.1%

US Market


1 Year Return

6.1%

SBBX

22.7%

US Banks

17.8%

US Market

Return vs Industry: SBBX underperformed the US Banks industry which returned 22.7% over the past year.

Return vs Market: SBBX underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

SBBXIndustryMarket
7 Day3.5%2.7%1.1%
30 Day5.1%0.9%1.4%
90 Day2.4%10.0%3.9%
1 Year7.6%6.1%26.3%22.7%20.3%17.8%
3 Year35.8%31.3%31.8%22.6%44.8%35.4%
5 Year152.3%138.0%80.2%60.2%71.3%52.4%

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

Valuation

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

11.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SBBX ($23.97) is trading above our estimate of fair value ($11.07)

Significantly Below Fair Value: SBBX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SBBX is good value based on its PE Ratio (11.1x) compared to the Banks industry average (12.7x).

PE vs Market: SBBX is good value based on its PE Ratio (11.1x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: SBBX is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: SBBX is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

9.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBBX's forecast earnings growth (9% per year) is above the savings rate (1.7%).

Earnings vs Market: SBBX's earnings (9% per year) are forecast to grow slower than the US market (14.2% per year).

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

Revenue vs Market: SBBX's revenue (2.3% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: SBBX's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SBBX'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?

38.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBBX has high quality earnings.

Growing Profit Margin: SBBX's current net profit margins (29.3%) are higher than last year (16.4%).


Past Earnings Growth Analysis

Earnings Trend: SBBX's earnings have grown significantly by 38% per year over the past 5 years.

Accelerating Growth: SBBX's earnings growth over the past year (142.1%) exceeds its 5-year average (38% per year).

Earnings vs Industry: SBBX earnings growth over the past year (142.1%) exceeded the Banks industry 27.1%.


Return on Equity

High ROE: SBBX's Return on Equity (10%) is considered low.


Return on Assets


Return on Capital Employed


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: SBBX has a low level of unsold assets or inventory.

Debt Coverage by Assets: SBBX's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: SBBX has an appropriate level of bad loans (0.85%)


Next Steps

Dividend

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

1.42%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Years1.4%

Current dividend yield vs market & industry

Notable Dividend: SBBX's dividend (1.42%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: SBBX's dividend (1.42%) is low compared to the top 25% of dividend payers in the US market (3.67%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.3%), SBBX'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?

8.0yrs

Average management tenure


CEO

Tony Labozzetta (55yo)

9.9yrs

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: Tony's total compensation ($USD1.23M) is about average for companies of similar size in the US market ($USD1.12M).

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


Management Age and Tenure

8.0yrs

Average Tenure

52.5yo

Average Age

Experienced Management: SBBX's management team is seasoned and experienced (8 years average tenure).


Board Age and Tenure

2.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: SBBX's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: SBBX insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$44,54005 Nov 19
George Lista
EntityIndividual
Shares2,000
Max PriceUS$22.27
SellUS$59,75018 Sep 19
George Lista
EntityIndividual
Shares2,500
Max PriceUS$23.90
SellUS$56,97729 Aug 19
George Lista
EntityIndividual
Shares2,600
Max PriceUS$22.00
SellUS$55,85616 Aug 19
George Lista
EntityIndividual
Shares2,500
Max PriceUS$22.69
BuyUS$100,40805 Aug 19
Richard Branca
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,400
Max PriceUS$22.82
BuyUS$34,33505 Aug 19
Edward Leppert
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares1,500
Max PriceUS$22.89
BuyUS$10,99526 Jun 19
Peter Michelotti
EntityIndividual
Role
Member of the Board of Directors
Senior EVP
Shares500
Max PriceUS$21.99
SellUS$44,07426 Jun 19
George Lista
EntityIndividual
Shares2,007
Max PriceUS$22.00
SellUS$46,40517 Jun 19
Mark Hontz
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares2,100
Max PriceUS$22.24
BuyUS$4,11110 Jun 19
Vito Giannola
EntityIndividual
Shares184
Max PriceUS$22.34
SellUS$44,50029 May 19
George Lista
EntityIndividual
Shares2,000
Max PriceUS$22.25
SellUS$56,92522 May 19
Robert McNerney
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,500
Max PriceUS$22.77
SellUS$202,50016 May 19
Vito Giannola
EntityIndividual
Shares9,000
Max PriceUS$22.50
BuyUS$64725 Mar 19
Vito Giannola
EntityIndividual
Shares30
Max PriceUS$21.56
BuyUS$22,71014 Mar 19
Dominick D’Agosta
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$22.71
BuyUS$4,13813 Mar 19
Anthony Labozzetta
EntityIndividual
Role
Chief Executive Officer
President
Shares180
Max PriceUS$22.99
BuyUS$2,21307 Mar 19
Peter Michelotti
EntityIndividual
Role
Member of the Board of Directors
Senior EVP
Shares96
Max PriceUS$23.06
SellUS$78,71307 Feb 19
Patrick Brady
EntityIndividual
Shares3,578
Max PriceUS$22.03
SellUS$64,96506 Feb 19
Robert McNerney
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$21.93
BuyUS$2,40613 Dec 18
Peter Michelotti
EntityIndividual
Role
Member of the Board of Directors
Senior EVP
Shares106
Max PriceUS$22.70

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.9%.


Management Team

  • Tony Labozzetta (55yo)

    President

    • Tenure: 9.9yrs
    • Compensation: US$1.23m
  • George Harper (64yo)

    President of Tri-State Insurance Agency Inc

    • Tenure: 43.9yrs
    • Compensation: US$134.37k
  • Gary Chiusano (68yo)

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

    Senior EVP

    • Tenure: 1.9yrs
  • Robin Tomlinson

    Assistant Vice President and Branch Manager of the Franklin Office

    • Tenure: 8.6yrs
  • Linda Kuipers

    Secretary

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

    Executive VP & CFO

    • Tenure: 0.8yrs
  • Crystal Bringuier

    Vice President and Controller

    • Tenure: 7.3yrs
  • Ryan Peene (37yo)

    Senior Vice President of Corporate Development & Government Banking

    • Tenure: 0yrs

Board Members

  • Tony Labozzetta (55yo)

    President

    • Tenure: 9.9yrs
    • Compensation: US$1.23m
  • Richard Branca (71yo)

    Independent Director

    • Tenure: 14.7yrs
    • 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: 7.9yrs
    • Compensation: US$121.74k
  • Dominick D’Agosta (77yo)

    Independent Director

    • Tenure: 1.9yrs
    • Compensation: US$51.58k
  • Salvatore Davino (76yo)

    Independent Director

    • Tenure: 1yrs
  • Peter Michelotti (50yo)

    Senior EVP

    • Tenure: 1.9yrs
  • Robert McNerney (60yo)

    Independent Director

    • Tenure: 8.2yrs
    • Compensation: US$56.76k
  • Walter Loeffler (70yo)

    Independent Director

    • Tenure: 1.9yrs
    • Compensation: US$67.78k
  • Mike McBride (65yo)

    Independent Director

    • Tenure: 2.8yrs
    • 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: SBBX
  • Exchange: NasdaqGM
  • Founded: 1975
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$222.635m
  • Shares outstanding: 9.29m
  • 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 Analysis2019/12/11 00:02
End of Day Share Price2019/12/10 00:00
Earnings2019/09/30
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.