Zacks: Brokerages Expect SB One Bancorp (SBBX) Will Announce Quarterly Sales of $18.30 Million

Equities research analysts predict that SB One Bancorp (NASDAQ:SBBX) will report $18.30 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for SB One Bancorp’s earnings. SB One Bancorp reported sales of $13.87 million in the same quarter last year, which indicates a positive year over year growth rate of 31.9%. The company is expected to issue its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that SB One Bancorp will report full year sales of $74.05 million for the current fiscal year, with estimates ranging from $73.70 million to $74.40 million. For the next financial year, analysts expect that the firm will report sales of $81.30 million, with estimates ranging from $80.90 million to $81.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover SB One Bancorp.

SB One Bancorp (NASDAQ:SBBX) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.10. The company had revenue of $18.07 million for the quarter, compared to analysts’ expectations of $17.35 million. SB One Bancorp had a net margin of 19.25% and a return on equity of 9.99%.



SBBX has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of SB One Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine cut shares of SB One Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Finally, Boenning Scattergood restated a “buy” rating and issued a $28.00 price objective on shares of SB One Bancorp in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. SB One Bancorp presently has a consensus rating of “Buy” and a consensus price target of $28.00.

Several hedge funds and other institutional investors have recently made changes to their positions in SBBX. Marshall Wace LLP bought a new stake in SB One Bancorp during the first quarter worth about $40,000. Renaissance Technologies LLC boosted its stake in SB One Bancorp by 11.1% during the first quarter. Renaissance Technologies LLC now owns 90,000 shares of the financial services provider’s stock worth $1,955,000 after acquiring an additional 9,000 shares in the last quarter. Banc Funds Co. LLC boosted its stake in SB One Bancorp by 17.6% during the first quarter. Banc Funds Co. LLC now owns 792,978 shares of the financial services provider’s stock worth $17,223,000 after acquiring an additional 118,800 shares in the last quarter. Northern Trust Corp boosted its stake in SB One Bancorp by 5.9% during the first quarter. Northern Trust Corp now owns 78,141 shares of the financial services provider’s stock worth $1,698,000 after acquiring an additional 4,321 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in SB One Bancorp by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 191,340 shares of the financial services provider’s stock worth $4,156,000 after acquiring an additional 18,591 shares in the last quarter. Institutional investors own 43.56% of the company’s stock.

NASDAQ:SBBX traded up $0.01 during trading hours on Wednesday, reaching $22.83. The company’s stock had a trading volume of 19,870 shares, compared to its average volume of 25,193. The stock has a market cap of $215.57 million, a PE ratio of 12.27 and a beta of 0.63. SB One Bancorp has a 1 year low of $19.30 and a 1 year high of $30.75. The company has a quick ratio of 0.98, a current ratio of 0.97 and a debt-to-equity ratio of 0.35.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 27th. Investors of record on Monday, May 13th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, May 10th. SB One Bancorp’s dividend payout ratio is currently 16.13%.

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

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