Wall Street analysts expect that SB One Bancorp (NASDAQ:SBBX) will report earnings per share of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for SB One Bancorp’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.49. SB One Bancorp posted earnings of $0.33 per share in the same quarter last year, which suggests a positive year over year growth rate of 51.5%. The business is expected to issue its next earnings results on Monday, October 29th.
According to Zacks, analysts expect that SB One Bancorp will report full-year earnings of $1.94 per share for the current financial year. For the next financial year, analysts forecast that the business will post earnings of $2.41 per share, with EPS estimates ranging from $2.37 to $2.44. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for SB One Bancorp.
SB One Bancorp (NASDAQ:SBBX) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). The business had revenue of $13.87 million during the quarter, compared to the consensus estimate of $13.90 million. SB One Bancorp had a net margin of 12.21% and a return on equity of 9.30%.
A number of research firms recently weighed in on SBBX. Zacks Investment Research downgraded shares of SB One Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. ValuEngine downgraded shares of SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Boenning Scattergood began coverage on shares of SB One Bancorp in a research report on Monday, October 1st. They issued an “outperform” rating for the company. Finally, Hovde Group raised shares of SB One Bancorp from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $33.00 to $30.00 in a research report on Friday, September 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.17.
SB One Bancorp stock traded down $0.17 during mid-day trading on Wednesday, reaching $24.04. The company’s stock had a trading volume of 102 shares, compared to its average volume of 32,776. The company has a market cap of $199.83 million, a P/E ratio of 17.06 and a beta of 0.34. SB One Bancorp has a 12 month low of $23.65 and a 12 month high of $32.85. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39.
In other SB One Bancorp news, Director Mark J. Hontz sold 2,350 shares of the stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $28.57, for a total value of $67,139.50. Following the completion of the sale, the director now owns 11,213 shares in the company, valued at $320,355.41. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward J. Leppert purchased 5,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The stock was purchased at an average price of $26.50 per share, with a total value of $132,500.00. Following the purchase, the director now owns 57,182 shares of the company’s stock, valued at $1,515,323. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 7,540 shares of company stock valued at $201,389. Corporate insiders own 10.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SBBX. Sei Investments Co. acquired a new stake in shares of SB One Bancorp during the 2nd quarter worth about $122,000. Bank of America Corp DE acquired a new stake in shares of SB One Bancorp during the 2nd quarter worth about $123,000. Commonwealth Equity Services LLC acquired a new stake in shares of SB One Bancorp during the 2nd quarter worth about $210,000. First Trust Advisors LP acquired a new stake in shares of SB One Bancorp during the 2nd quarter worth about $333,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of SB One Bancorp during the 2nd quarter worth about $401,000. Hedge funds and other institutional investors own 50.73% of the company’s stock.
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.
Further Reading: Yield Curve
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.