$0.57 EPS Expected for SB One Bancorp (NASDAQ:SBBX) This Quarter

Analysts predict that SB One Bancorp (NASDAQ:SBBX) will report earnings of $0.57 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for SB One Bancorp’s earnings, with estimates ranging from $0.56 to $0.57. SB One Bancorp posted earnings per share of $0.47 during the same quarter last year, which indicates a positive year-over-year growth rate of 21.3%. The company is expected to issue its next quarterly earnings report on Friday, February 7th.

According to Zacks, analysts expect that SB One Bancorp will report full year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.35 to $2.39. For the next financial year, analysts forecast that the firm will post earnings of $2.51 per share, with EPS estimates ranging from $2.50 to $2.52. Zacks’ EPS 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 issued its earnings results on Friday, October 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.03). The company had revenue of $17.79 million during the quarter, compared to analysts’ expectations of $17.90 million. SB One Bancorp had a net margin of 21.63% and a return on equity of 10.29%.

A number of research firms have issued reports on SBBX. ValuEngine raised SB One Bancorp from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered SB One Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, September 20th.

In other SB One Bancorp news, CEO George Lista sold 2,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $23.90, for a total value of $59,750.00. Following the sale, the chief executive officer now owns 76,936 shares of the company’s stock, valued at approximately $1,838,770.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 7,000 shares of company stock worth $160,140 in the last ninety days. 14.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Salzhauer Michael raised its position in shares of SB One Bancorp by 94.3% during the 3rd quarter. Salzhauer Michael now owns 20,600 shares of the financial services provider’s stock worth $465,000 after acquiring an additional 10,000 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of SB One Bancorp during the 3rd quarter worth about $41,000. First Trust Advisors LP raised its position in shares of SB One Bancorp by 54.8% during the 3rd quarter. First Trust Advisors LP now owns 16,734 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 5,925 shares in the last quarter. Beese Fulmer Investment Management Inc. acquired a new stake in shares of SB One Bancorp during the 3rd quarter worth about $202,000. Finally, Mackay Shields LLC raised its position in shares of SB One Bancorp by 94.4% during the 3rd quarter. Mackay Shields LLC now owns 17,500 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 8,500 shares in the last quarter. 43.02% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:SBBX traded up $0.11 during trading hours on Monday, hitting $22.42. The company had a trading volume of 7,300 shares, compared to its average volume of 23,325. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company has a market cap of $213.34 million, a P/E ratio of 12.05 and a beta of 0.69. The company has a 50-day moving average of $22.39 and a 200 day moving average of $22.59. SB One Bancorp has a 1 year low of $19.30 and a 1 year high of $25.62.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, November 5th. SB One Bancorp’s dividend payout ratio is currently 18.28%.

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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