Equities research analysts predict that SB One Bancorp (NASDAQ:SBBX) will post earnings per share of $0.56 for the current quarter, Zacks reports. Two analysts have provided estimates for SB One Bancorp’s earnings, with estimates ranging from $0.55 to $0.57. SB One Bancorp reported earnings per share of $0.47 in the same quarter last year, which suggests a positive year over year growth rate of 19.1%. The business is scheduled to announce its next quarterly earnings results on Friday, February 7th.
According to Zacks, analysts expect that SB One Bancorp will report full year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.39. For the next year, analysts anticipate that the firm will report earnings of $2.50 per share, with EPS estimates ranging from $2.48 to $2.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover SB One Bancorp.
SB One Bancorp (NASDAQ:SBBX) last posted its quarterly earnings results on Friday, October 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.03). The company had revenue of $17.79 million during the quarter, compared to analyst estimates of $17.90 million. SB One Bancorp had a return on equity of 10.19% and a net margin of 21.63%.
Several research firms have issued reports on SBBX. Zacks Investment Research lowered shares of SB One Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, September 20th. DA Davidson began coverage on shares of SB One Bancorp in a research report on Monday, November 25th. They issued a “buy” rating and a $27.00 price target on the stock. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.00.
NASDAQ SBBX traded up $0.16 during midday trading on Wednesday, hitting $23.12. The company had a trading volume of 6,959 shares, compared to its average volume of 22,699. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.39. The stock has a market cap of $222.26 million, a price-to-earnings ratio of 12.43 and a beta of 0.71. The firm has a fifty day simple moving average of $22.69 and a two-hundred day simple moving average of $22.59. SB One Bancorp has a fifty-two week low of $19.30 and a fifty-two week high of $24.34.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were given a $0.085 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.34 annualized dividend and a yield of 1.47%. SB One Bancorp’s dividend payout ratio is 18.28%.
In other SB One Bancorp news, CEO George Lista sold 2,000 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $22.27, for a total value of $44,540.00. Following the sale, the chief executive officer now directly owns 77,436 shares in the company, valued at approximately $1,724,499.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SBBX. Millennium Management LLC acquired a new position in SB One Bancorp during the third quarter valued at approximately $457,000. State Street Corp raised its holdings in SB One Bancorp by 8.2% in the 3rd quarter. State Street Corp now owns 142,912 shares of the financial services provider’s stock valued at $3,224,000 after buying an additional 10,856 shares during the last quarter. Salzhauer Michael raised its holdings in SB One Bancorp by 94.3% in the 3rd quarter. Salzhauer Michael now owns 20,600 shares of the financial services provider’s stock valued at $465,000 after buying an additional 10,000 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in SB One Bancorp in the 3rd quarter valued at approximately $41,000. Finally, First Trust Advisors LP raised its holdings in SB One Bancorp by 54.8% in the 3rd quarter. First Trust Advisors LP now owns 16,734 shares of the financial services provider’s stock valued at $378,000 after buying an additional 5,925 shares during the last quarter. 44.02% of the stock is owned by institutional investors.
SB One Bancorp Company Profile
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.
Read More: What is the downside to momentum investing?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for SB One Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SB One Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.