$18.10 Million in Sales Expected for SB One Bancorp (NASDAQ:SBBX) This Quarter

Analysts expect that SB One Bancorp (NASDAQ:SBBX) will post $18.10 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SB One Bancorp’s earnings, with the highest sales estimate coming in at $18.20 million and the lowest estimate coming in at $18.00 million. SB One Bancorp reported sales of $13.83 million during the same quarter last year, which would suggest a positive year over year growth rate of 30.9%. The business is scheduled to issue its next earnings results on Friday, February 7th.

According to Zacks, analysts expect that SB One Bancorp will report full year sales of $72.85 million for the current year, with estimates ranging from $72.40 million to $73.30 million. For the next year, analysts anticipate that the business will report sales of $78.55 million, with estimates ranging from $78.40 million to $78.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for SB One Bancorp.

SB One Bancorp (NASDAQ:SBBX) last posted its earnings results on Friday, October 25th. The financial services provider reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The business had revenue of $17.79 million for the quarter, compared to analyst estimates of $17.90 million. SB One Bancorp had a net margin of 21.63% and a return on equity of 10.19%.

Several research firms have recently commented on SBBX. Zacks Investment Research lowered shares of SB One Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, September 20th. DA Davidson began coverage on SB One Bancorp in a research report on Monday, November 25th. They issued a “buy” rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.00.

Shares of SBBX stock traded up $0.16 during trading on Friday, hitting $23.12. 6,959 shares of the stock traded hands, compared to its average volume of 22,699. The firm has a market capitalization of $222.26 million, a P/E ratio of 12.43 and a beta of 0.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s fifty day moving average price is $22.69 and its 200-day moving average price is $22.59. SB One Bancorp has a 52-week low of $19.30 and a 52-week high of $24.34.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a $0.085 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.34 annualized dividend and a dividend yield of 1.47%. SB One Bancorp’s dividend payout ratio (DPR) is 18.28%.

In other SB One Bancorp news, CEO George Lista sold 2,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $22.27, for a total value of $44,540.00. Following the completion of the transaction, the chief executive officer now owns 77,436 shares in the company, valued at $1,724,499.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 14.40% of the company’s stock.

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC acquired a new position in shares of SB One Bancorp during the third quarter worth $41,000. Acadian Asset Management LLC lifted its stake in SB One Bancorp by 62.9% in the second quarter. Acadian Asset Management LLC now owns 1,833 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 708 shares during the last quarter. Marshall Wace LLP acquired a new stake in SB One Bancorp in the first quarter valued at approximately $40,000. Steward Partners Investment Advisory LLC acquired a new stake in SB One Bancorp in the second quarter valued at approximately $78,000. Finally, Russell Investments Group Ltd. acquired a new stake in SB One Bancorp in the third quarter valued at approximately $145,000. Institutional investors and hedge funds own 44.02% 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.

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

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