Analysts predict that SB One Bancorp (NASDAQ:SBBX) will report earnings of $0.52 per share for the current quarter, Zacks reports. Two analysts have provided estimates for SB One Bancorp’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.55. SB One Bancorp reported earnings of $0.35 per share during 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 earnings report on Tuesday, January 29th.
On average, analysts expect that SB One Bancorp will report full year earnings of $1.88 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $2.37 per share, with EPS estimates ranging from $2.35 to $2.39. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for SB One Bancorp.
SB One Bancorp (NASDAQ:SBBX) last released its earnings results on Monday, October 29th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. SB One Bancorp had a return on equity of 10.08% and a net margin of 13.22%. The firm had revenue of $13.51 million for the quarter, compared to the consensus estimate of $14.20 million.
Several equities analysts recently issued reports on the company. Hovde Group raised SB One Bancorp from a “market perform” rating to an “outperform” rating and cut their target price for the company from $33.00 to $30.00 in a research report on Friday, September 21st. Zacks Investment Research downgraded SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. Boenning Scattergood assumed coverage on SB One Bancorp in a research report on Monday, October 1st. They issued an “outperform” rating on the stock. Finally, ValuEngine downgraded SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $32.17.
NASDAQ SBBX opened at $23.85 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.94. SB One Bancorp has a 1 year low of $21.70 and a 1 year high of $32.85. The firm has a market capitalization of $189.12 million, a P/E ratio of 16.80 and a beta of 0.38.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Monday, November 12th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, November 9th. SB One Bancorp’s dividend payout ratio is currently 21.13%.
In related news, Director Edward J. Leppert purchased 5,000 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were bought at an average cost of $26.50 per share, with a total value of $132,500.00. Following the transaction, the director now owns 57,182 shares of the company’s stock, valued at $1,515,323. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Lista sold 2,000 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $27.46, for a total value of $54,920.00. Following the sale, the chief executive officer now directly owns 82,543 shares in the company, valued at $2,266,630.78. The disclosure for this sale can be found here. Insiders have acquired a total of 10,540 shares of company stock worth $274,439 over the last ninety days. 10.50% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. acquired a new stake in SB One Bancorp during the 2nd quarter worth about $122,000. Bank of America Corp DE acquired a new stake in SB One Bancorp during the 2nd quarter worth about $123,000. Commonwealth Equity Services LLC acquired a new stake in SB One Bancorp during the 2nd quarter worth about $210,000. First Trust Advisors LP acquired a new stake in SB One Bancorp during the 2nd quarter worth about $333,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in SB One Bancorp during the 2nd quarter worth about $401,000. 51.05% of the stock is currently owned by institutional investors.
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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