Wall Street analysts expect SB One Bancorp (NASDAQ:SBBX) to report earnings of $0.52 per share for the current quarter, Zacks reports. Two analysts have issued estimates for SB One Bancorp’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.49. SB One Bancorp posted earnings of $0.35 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 48.6%. The firm is scheduled to report its next quarterly earnings report on Tuesday, January 29th.
According to Zacks, analysts expect that SB One Bancorp will report full-year earnings of $1.88 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $2.37 per share, with EPS estimates ranging from $2.35 to $2.39. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow SB One Bancorp.
SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. The firm had revenue of $13.51 million during the quarter, compared to analyst estimates of $14.20 million. SB One Bancorp had a return on equity of 9.68% and a net margin of 13.22%.
SBBX has been the subject of a number of recent analyst reports. ValuEngine lowered SB One Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Hovde Group raised SB One Bancorp from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $33.00 to $30.00 in a research note on Friday, September 21st. Boenning Scattergood initiated coverage on SB One Bancorp in a research note on Monday, October 1st. They issued an “outperform” rating for the company. Finally, Zacks Investment Research lowered SB One Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $32.00.
In related news, Director Richard Branca acquired 3,000 shares of the stock in a transaction dated Friday, November 2nd. The stock was acquired at an average cost of $24.35 per share, with a total value of $73,050.00. Following the purchase, the director now directly owns 64,908 shares of the company’s stock, valued at $1,580,509.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought a total of 3,803 shares of company stock valued at $91,865 over the last ninety days. Corporate insiders own 10.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. purchased a new stake in shares of SB One Bancorp in the second quarter worth approximately $122,000. Bank of America Corp DE purchased a new position in SB One Bancorp during the 2nd quarter worth $123,000. First Trust Advisors LP purchased a new position in SB One Bancorp during the 2nd quarter worth $333,000. Schwab Charles Investment Management Inc. purchased a new position in SB One Bancorp during the 2nd quarter worth $401,000. Finally, FNY Investment Advisers LLC purchased a new position in SB One Bancorp during the 3rd quarter worth $440,000. Hedge funds and other institutional investors own 49.57% of the company’s stock.
Shares of NASDAQ SBBX traded up $0.22 during mid-day trading on Friday, reaching $21.44. The company’s stock had a trading volume of 14,407 shares, compared to its average volume of 10,643. The firm has a market cap of $171.45 million, a price-to-earnings ratio of 15.10 and a beta of 0.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.32. SB One Bancorp has a 52 week low of $19.30 and a 52 week high of $32.85.
About SB One Bancorp
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 segments, Banking and Financial Services, and Insurance Services. The company's deposit products include personal and business checking, money market, and savings accounts, as well as time and demand deposits.
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