Brokerages Expect SB One Bancorp (SBBX) to Announce $0.52 EPS

Equities analysts expect SB One Bancorp (NASDAQ:SBBX) to report earnings per share of $0.52 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for SB One Bancorp’s earnings, with estimates ranging from $0.49 to $0.55. SB One Bancorp posted earnings per share of $0.35 during the same quarter last year, which would indicate a positive year-over-year growth rate of 48.6%. The company is scheduled to report its next quarterly earnings results 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 fiscal year, analysts anticipate that the firm will post earnings of $2.37 per share, with EPS estimates ranging from $2.35 to $2.39. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow SB One Bancorp.

SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings data on Monday, October 29th. The financial services provider reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $14.20 million.

SBBX has been the topic of a number of recent analyst reports. Hovde Group upgraded SB One Bancorp from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $33.00 to $30.00 in a report on Friday, September 21st. ValuEngine cut SB One Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. Boenning Scattergood initiated coverage on SB One Bancorp in a report on Monday, October 1st. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research cut SB One Bancorp from a “hold” rating to a “sell” rating in a report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. SB One Bancorp currently has an average rating of “Hold” and a consensus price target of $32.17.

SBBX traded up $0.11 during trading hours on Friday, reaching $24.25. The company’s stock had a trading volume of 6,900 shares, compared to its average volume of 31,300. SB One Bancorp has a fifty-two week low of $21.70 and a fifty-two week high of $32.85. The stock has a market capitalization of $190.71 million, a PE ratio of 17.15 and a beta of 0.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.94.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Monday, November 12th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, November 9th. SB One Bancorp’s dividend payout ratio (DPR) is 21.13%.

In other news, Director Richard Branca purchased 3,000 shares of the firm’s stock in a transaction on Friday, November 2nd. The shares were bought at an average cost of $24.35 per share, for a total transaction of $73,050.00. Following the completion of the purchase, the director now directly owns 64,908 shares of the company’s stock, valued at $1,580,509.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael X. Mcbride purchased 1,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were purchased at an average price of $27.50 per share, for a total transaction of $27,500.00. Following the completion of the purchase, the director now directly owns 6,425 shares of the company’s stock, valued at $176,687.50. The disclosure for this purchase can be found here. Insiders have acquired 10,540 shares of company stock worth $274,439 over the last 90 days. 10.50% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in SBBX. Sei Investments Co. purchased a new position in SB One Bancorp in the second quarter valued at $122,000. Bank of America Corp DE purchased a new position in SB One Bancorp in the second quarter valued at $123,000. Commonwealth Equity Services LLC purchased a new position in SB One Bancorp in the second quarter valued at $210,000. First Trust Advisors LP purchased a new position in SB One Bancorp in the second quarter valued at $333,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in SB One Bancorp in the second quarter valued at $401,000. Institutional investors own 51.05% of the company’s stock.

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.

See Also: Fiduciary

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Earnings History and Estimates for SB One Bancorp (NASDAQ:SBBX)

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