Equities research analysts predict that SB One Bancorp (NASDAQ:SBBX) will report $14.80 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for SB One Bancorp’s earnings. The lowest sales estimate is $14.70 million and the highest is $14.90 million. SB One Bancorp reported sales of $9.83 million in the same quarter last year, which indicates a positive year over year growth rate of 50.6%. The company is expected to issue its next quarterly earnings report on Tuesday, January 29th.

According to Zacks, analysts expect that SB One Bancorp will report full year sales of $56.10 million for the current fiscal year, with estimates ranging from $55.70 million to $56.50 million. For the next financial year, analysts expect that the firm will report sales of $71.05 million, with estimates ranging from $69.50 million to $72.60 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 posted its quarterly earnings results on Monday, October 29th. The financial services provider reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The firm had revenue of $13.51 million for the quarter, compared to analyst estimates of $14.20 million. SB One Bancorp had a return on equity of 9.68% and a net margin of 13.22%.

Several research firms recently weighed in on SBBX. Zacks Investment Research lowered SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday. Boenning Scattergood reissued a “buy” rating on shares of SB One Bancorp in a research report on Monday, October 29th. ValuEngine lowered SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Finally, Hovde Group raised SB One Bancorp from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $33.00 to $30.00 in a research report on Friday, September 21st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. SB One Bancorp currently has a consensus rating of “Hold” and an average price target of $32.17.

In other news, Director Richard Branca bought 3,000 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were bought at an average cost of $24.35 per share, with a total value of $73,050.00. Following the transaction, the director now directly owns 64,908 shares in the company, valued at approximately $1,580,509.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Lista sold 2,000 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $27.46, for a total value of $54,920.00. Following the completion of the transaction, the chief executive officer now directly owns 82,543 shares in the company, valued at $2,266,630.78. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 8,890 shares of company stock worth $228,707. Insiders own 10.50% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in SB One Bancorp by 12.3% in the 3rd quarter. Vanguard Group Inc. now owns 418,642 shares of the financial services provider’s stock worth $10,550,000 after purchasing an additional 45,947 shares during the last quarter. EJF Capital LLC increased its position in SB One Bancorp by 12.4% in the 3rd quarter. EJF Capital LLC now owns 181,588 shares of the financial services provider’s stock worth $4,576,000 after purchasing an additional 20,058 shares during the last quarter. Dimensional Fund Advisors LP increased its position in SB One Bancorp by 44.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 142,903 shares of the financial services provider’s stock worth $3,601,000 after purchasing an additional 44,015 shares during the last quarter. BlackRock Inc. increased its position in SB One Bancorp by 5.3% in the 3rd quarter. BlackRock Inc. now owns 359,564 shares of the financial services provider’s stock worth $9,061,000 after purchasing an additional 18,107 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in SB One Bancorp in the 3rd quarter worth about $440,000. 49.57% of the stock is currently owned by institutional investors.

NASDAQ:SBBX traded down $1.19 during trading hours on Wednesday, hitting $23.35. 15,818 shares of the company’s stock traded hands, compared to its average volume of 11,374. The firm has a market capitalization of $192.78 million, a price-to-earnings ratio of 16.44 and a beta of 0.34. SB One Bancorp has a twelve month low of $21.70 and a twelve month high of $32.85. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.32.

The company also recently announced a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Monday, November 12th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, November 9th. SB One Bancorp’s payout ratio is currently 21.13%.

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

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