Analysts forecast that SB One Bancorp (NASDAQ:SBBX) will announce earnings of $0.50 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for SB One Bancorp’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.49. SB One Bancorp posted earnings of $0.33 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 51.5%. The business is scheduled to issue its next earnings results on Monday, October 29th.
On average, analysts expect that SB One Bancorp will report full-year earnings of $1.94 per share for the current financial year. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.41 per share, with EPS estimates ranging from $2.37 to $2.44. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow SB One Bancorp.
SB One Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.07). SB One Bancorp had a return on equity of 9.30% and a net margin of 12.21%. The company had revenue of $13.87 million during the quarter, compared to the consensus estimate of $13.90 million.
Several research analysts have recently commented on the company. Hovde Group raised SB One Bancorp from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $33.00 to $30.00 in a research note on Friday, September 21st. Zacks Investment Research downgraded SB One Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Boenning Scattergood assumed coverage on SB One Bancorp in a research note 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 note on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.17.
NASDAQ SBBX opened at $24.21 on Wednesday. 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 52 week low of $23.65 and a 52 week high of $32.85. The stock has a market capitalization of $199.83 million, a PE ratio of 17.05 and a beta of 0.34.
In other SB One Bancorp news, Director Michael X. Mcbride bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was purchased at an average price of $27.50 per share, for a total transaction of $27,500.00. Following the completion of the transaction, the director now owns 6,425 shares of the company’s stock, valued at approximately $176,687.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark J. Hontz sold 2,350 shares of the stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $28.57, for a total value of $67,139.50. Following the sale, the director now owns 11,213 shares of the company’s stock, valued at approximately $320,355.41. The disclosure for this sale can be found here. Insiders bought 7,540 shares of company stock worth $201,389 in the last ninety days. Corporate insiders own 10.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. purchased a new stake in shares of SB One Bancorp during the second quarter worth about $122,000. Bank of America Corp DE purchased a new position in SB One Bancorp during the 2nd quarter valued at approximately $123,000. Commonwealth Equity Services LLC purchased a new position in SB One Bancorp during the 2nd quarter valued at approximately $210,000. First Trust Advisors LP purchased a new position in SB One Bancorp during the 2nd quarter valued at approximately $333,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in SB One Bancorp during the 2nd quarter valued at approximately $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.
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