Analysts predict that SB One Bancorp (NASDAQ:SBBX) will announce $0.61 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for SB One Bancorp’s earnings. The lowest EPS estimate is $0.60 and the highest is $0.61. SB One Bancorp posted earnings of $0.44 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 38.6%. The firm is expected to report its next earnings results on Thursday, July 25th.
On average, analysts expect that SB One Bancorp will report full-year earnings of $2.51 per share for the current year, with EPS estimates ranging from $2.49 to $2.53. For the next fiscal year, analysts expect that the business will report earnings of $2.75 per share, with EPS estimates ranging from $2.74 to $2.75. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover SB One Bancorp.
SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. SB One Bancorp had a net margin of 19.25% and a return on equity of 9.99%. The company had revenue of $18.07 million during the quarter, compared to analysts’ expectations of $17.35 million.
A number of research firms have issued reports on SBBX. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. FIG Partners restated an “outperform” rating on shares of Two Rivers Bancorp in a report on Wednesday, April 24th. Finally, Zacks Investment Research cut shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. SB One Bancorp has a consensus rating of “Hold” and a consensus target price of $28.00.
In related news, CEO George Lista sold 2,007 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $21.96, for a total value of $44,073.72. Following the completion of the sale, the chief executive officer now owns 84,937 shares in the company, valued at $1,865,216.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Vito Giannola sold 9,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $22.50, for a total transaction of $202,500.00. Following the completion of the sale, the executive vice president now owns 62,712 shares of the company’s stock, valued at approximately $1,411,020. The disclosure for this sale can be found here. Insiders have sold 17,607 shares of company stock valued at $394,409 over the last 90 days. Corporate insiders own 14.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banc Funds Co. LLC lifted its stake in shares of SB One Bancorp by 17.6% in the first quarter. Banc Funds Co. LLC now owns 792,978 shares of the financial services provider’s stock valued at $17,223,000 after buying an additional 118,800 shares during the period. BlackRock Inc. lifted its stake in shares of SB One Bancorp by 3.0% in the fourth quarter. BlackRock Inc. now owns 370,328 shares of the financial services provider’s stock valued at $7,568,000 after buying an additional 10,764 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of SB One Bancorp by 20.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 172,749 shares of the financial services provider’s stock valued at $3,531,000 after buying an additional 29,846 shares during the period. Northern Trust Corp lifted its stake in shares of SB One Bancorp by 6.9% in the fourth quarter. Northern Trust Corp now owns 73,820 shares of the financial services provider’s stock valued at $1,509,000 after buying an additional 4,736 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of SB One Bancorp by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 65,748 shares of the financial services provider’s stock valued at $1,343,000 after buying an additional 3,658 shares during the period. Institutional investors and hedge funds own 41.39% of the company’s stock.
SBBX stock traded up $0.07 during mid-day trading on Friday, reaching $22.40. 7,530 shares of the stock traded hands, compared to its average volume of 27,805. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.97 and a quick ratio of 0.97. SB One Bancorp has a 52 week low of $19.30 and a 52 week high of $29.65. The stock has a 50-day simple moving average of $22.37. The company has a market cap of $212.25 million, a price-to-earnings ratio of 12.04 and a beta of 0.65.
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.
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