Equities analysts predict that SB One Bancorp (NASDAQ:SBBX) will report earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for SB One Bancorp’s earnings. 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 12.8%. The firm is scheduled to announce its next earnings results on Wednesday, April 24th.
On average, analysts expect that SB One Bancorp will report full-year earnings of $2.31 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.32. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.71 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover SB One Bancorp.
SB One Bancorp (NASDAQ:SBBX) last issued its earnings results on Friday, February 1st. The financial services provider reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. The business had revenue of $13.83 million during the quarter, compared to the consensus estimate of $14.70 million. SB One Bancorp had a return on equity of 9.89% and a net margin of 14.71%.
In other news, Director Robert Mcnerney sold 3,000 shares of the stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $21.65, for a total value of $64,950.00. Following the completion of the transaction, the director now owns 6,363 shares of the company’s stock, valued at approximately $137,758.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders acquired 803 shares of company stock valued at $18,815. Company insiders own 10.50% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE purchased a new position in shares of SB One Bancorp in the 2nd quarter worth $123,000. Schwab Charles Investment Management Inc. bought a new stake in SB One Bancorp during the second quarter valued at about $401,000. FNY Investment Advisers LLC bought a new stake in SB One Bancorp during the third quarter valued at about $440,000. Northern Trust Corp bought a new stake in SB One Bancorp during the second quarter valued at about $615,000. Finally, First Trust Advisors LP increased its holdings in shares of SB One Bancorp by 88.3% in the third quarter. First Trust Advisors LP now owns 21,107 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 9,900 shares during the last quarter. Institutional investors and hedge funds own 49.50% of the company’s stock.
Shares of NASDAQ SBBX traded up $0.10 during midday trading on Monday, hitting $21.97. 20,100 shares of the stock traded hands, compared to its average volume of 32,864. The company has a market cap of $174.07 million, a price-to-earnings ratio of 11.81 and a beta of 0.64. SB One Bancorp has a one year low of $19.30 and a one year high of $32.85. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.32.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 6th. Investors of record on Wednesday, February 20th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.37%. The ex-dividend date is Tuesday, February 19th. SB One Bancorp’s dividend payout ratio is presently 16.13%.
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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