$0.52 Earnings Per Share Expected for SB One Bancorp (SBBX) This Quarter

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Analysts expect SB One Bancorp (NASDAQ:SBBX) to announce $0.52 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SB One Bancorp’s earnings, with estimates ranging from $0.51 to $0.53. SB One Bancorp reported earnings of $0.47 per share during the same quarter last year, which would indicate a positive year over year growth rate of 10.6%. The firm is expected to issue its next earnings results on Wednesday, April 24th.

On average, analysts expect that SB One Bancorp will report full-year earnings of $2.32 per share for the current year, with EPS estimates ranging from $2.30 to $2.34. For the next fiscal year, analysts forecast that the company will post earnings of $2.60 per share, with EPS estimates ranging from $2.55 to $2.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow SB One Bancorp.

SB One Bancorp (NASDAQ:SBBX) last issued its quarterly earnings results on Friday, February 1st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The company had revenue of $13.83 million during the quarter, compared to analyst estimates of $14.70 million. SB One Bancorp had a net margin of 14.71% and a return on equity of 9.32%.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of SB One Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Boenning Scattergood set a $28.00 price target on shares of SB One Bancorp and gave the stock a “buy” rating in a research note on Friday, January 25th. Finally, ValuEngine lowered shares of SB One Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th.

Shares of SB One Bancorp stock opened at $22.18 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $210.46 million, a P/E ratio of 11.92 and a beta of 0.60. SB One Bancorp has a 1 year low of $19.30 and a 1 year high of $31.10.

In other SB One Bancorp news, Director Robert Mcnerney sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $21.65, for a total transaction of $64,950.00. Following the completion of the sale, the director now directly owns 6,363 shares in the company, valued at approximately $137,758.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have acquired 1,306 shares of company stock valued at $29,708. 14.40% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of SB One Bancorp by 5.9% during the 4th quarter. Geode Capital Management LLC now owns 65,748 shares of the financial services provider’s stock valued at $1,343,000 after acquiring an additional 3,658 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of SB One Bancorp by 20.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 172,749 shares of the financial services provider’s stock valued at $3,531,000 after acquiring an additional 29,846 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of SB One Bancorp by 149.8% during the 4th quarter. Bank of America Corp DE now owns 6,770 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 4,060 shares during the last quarter. RMB Capital Management LLC boosted its holdings in shares of SB One Bancorp by 2.5% during the 4th quarter. RMB Capital Management LLC now owns 358,887 shares of the financial services provider’s stock valued at $7,336,000 after acquiring an additional 8,606 shares during the last quarter. Finally, Mendon Capital Advisors Corp boosted its holdings in shares of SB One Bancorp by 22.4% during the 4th quarter. Mendon Capital Advisors Corp now owns 308,860 shares of the financial services provider’s stock valued at $6,313,000 after acquiring an additional 56,593 shares during the last quarter. Institutional investors and hedge funds own 43.49% of the company’s stock.

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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Earnings History and Estimates for SB One Bancorp (NASDAQ:SBBX)

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