Safe Bulkers Adds Two Directors as Board Expands to Eleven

The latest announcement is out from Safe Bulkers ( (SB) ).

On April 15, 2026, Monaco-based Safe Bulkers, Inc. said its board of directors voted to expand its size from nine to eleven members, signaling a move to broaden governance capacity as the dry-bulk shipowner navigates capital markets and operational demands. The company appointed investment banking veteran Jeffrey Bunzel and operations-focused executive Vassilis Hajioannou to the newly created seats, with Bunzel designated as an independent director and assigned to key board committees overseeing governance, ESG and audit matters.

Bunzel brings more than three decades of experience in investment banking and equity capital markets, including senior roles at Deutsche Bank and Credit Suisse, potentially strengthening Safe Bulkers’ access to financing and strategic capital-raising expertise. Hajioannou contributes technical and chartering experience rooted in marine engineering and shipping logistics, enhancing the board’s oversight of fleet operations and commercial performance at a time when dry-bulk fundamentals and regulatory pressures remain central to shareholder interests.

The most recent analyst rating on (SB) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on Safe Bulkers stock, see the SB Stock Forecast page.

Spark’s Take on SB Stock

According to Spark, TipRanks’ AI Analyst, SB is a Neutral.

The score is driven primarily by solid but cyclical financials: manageable leverage and positive operating cash flow are offset by sharp margin/ROE deterioration and uneven free cash flow. Technicals are moderately positive with constructive moving-average alignment and neutral momentum. Valuation and dividend are reasonable, while the latest earnings call was balanced—strong liquidity and backlog, but rising costs and slightly weaker near-term profitability.

To see Spark’s full report on SB stock, click here.

More about Safe Bulkers

Safe Bulkers, Inc. is an international provider of marine dry-bulk transportation services, carrying bulk cargoes such as grain, coal and iron ore along global shipping routes for some of the world’s largest users of seaborne dry-bulk transport. The company’s common and preferred shares trade on the New York Stock Exchange under the symbols SB, SB.PR.C and SB.PR.D, respectively.

Average Trading Volume: 707,560

Technical Sentiment Signal: Buy

Current Market Cap: $665.6M

For a thorough assessment of SB stock, go to TipRanks’ Stock Analysis page.