Equities analysts expect SB One Bancorp (NASDAQ:SBBX) to report $17.35 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for SB One Bancorp’s earnings. The lowest sales estimate is $17.30 million and the highest is $17.40 million. SB One Bancorp reported sales of $13.63 million in the same quarter last year, which would suggest a positive year over year growth rate of 27.3%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that SB One Bancorp will report full-year sales of $72.35 million for the current year, with estimates ranging from $71.90 million to $72.80 million. For the next year, analysts expect that the firm will post sales of $79.50 million, with estimates ranging from $78.90 million to $80.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow SB One Bancorp.
SB One Bancorp (NASDAQ:SBBX) last released its quarterly earnings data on Friday, February 1st. The financial services provider reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The firm 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 9.32% and a net margin of 14.71%.
Several equities research analysts have recently commented on SBBX shares. Zacks Investment Research downgraded SB One Bancorp from a “hold” rating to a “sell” rating in a report on Friday, December 28th. Boenning Scattergood set a $28.00 price objective on SB One Bancorp and gave the company a “buy” rating in a report on Friday, January 25th.
In related news, Director Robert Mcnerney sold 3,000 shares of the company’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $21.65, for a total transaction of $64,950.00. Following the completion of the sale, the director now owns 6,363 shares in the company, valued at $137,758.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased 1,306 shares of company stock valued at $29,708 in the last quarter. 14.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. grew its holdings in SB One Bancorp by 29.2% during the fourth quarter. Citigroup Inc. now owns 2,537 shares of the financial services provider’s stock worth $52,000 after buying an additional 574 shares in the last quarter. Bank of America Corp DE grew its holdings in SB One Bancorp by 149.8% during the fourth quarter. Bank of America Corp DE now owns 6,770 shares of the financial services provider’s stock worth $139,000 after buying an additional 4,060 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in SB One Bancorp by 18.2% during the fourth quarter. Bank of New York Mellon Corp now owns 29,591 shares of the financial services provider’s stock worth $604,000 after buying an additional 4,552 shares in the last quarter. Geode Capital Management LLC grew its holdings in SB One Bancorp by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 65,748 shares of the financial services provider’s stock worth $1,343,000 after buying an additional 3,658 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in SB One Bancorp by 6.9% during the fourth quarter. Northern Trust Corp now owns 73,820 shares of the financial services provider’s stock worth $1,509,000 after buying an additional 4,736 shares in the last quarter. Institutional investors and hedge funds own 43.49% of the company’s stock.
Shares of NASDAQ SBBX traded down $0.17 during midday trading on Monday, hitting $22.30. 14,371 shares of the stock traded hands, compared to its average volume of 25,820. The company has a market cap of $211.90 million, a price-to-earnings ratio of 11.99 and a beta of 0.60. SB One Bancorp has a one year low of $19.30 and a one year high of $30.90. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.39.
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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