Brokerages expect SB One Bancorp (NASDAQ:SBBX) to announce earnings of $0.63 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for SB One Bancorp’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.60. SB One Bancorp reported earnings of $0.44 per share in the same quarter last year, which would suggest a positive year over year growth rate of 43.2%. The firm is expected to issue its next earnings results on Thursday, July 25th.

According to Zacks, analysts expect that SB One Bancorp will report full year earnings of $2.53 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.56. For the next fiscal year, analysts forecast that the firm will report earnings of $2.75 per share, with EPS estimates ranging from $2.74 to $2.75. Zacks’ EPS averages are a mean average based on a survey of research firms that cover SB One Bancorp.

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

A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of SB One Bancorp from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research note on Friday, April 26th. FIG Partners reissued an “outperform” rating on shares of SB One Bancorp in a research note on Wednesday, April 24th. ValuEngine raised shares of SB One Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Boenning Scattergood reissued a “buy” rating and issued a $28.00 price objective on shares of SB One Bancorp in a research note on Thursday, February 28th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. SB One Bancorp has a consensus rating of “Buy” and an average target price of $28.00.

NASDAQ:SBBX traded up $0.16 during mid-day trading on Wednesday, reaching $22.11. The stock had a trading volume of 235 shares, compared to its average volume of 13,815. The stock has a market capitalization of $207.99 million, a price-to-earnings ratio of 11.83 and a beta of 0.68. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.97 and a quick ratio of 0.97. SB One Bancorp has a 12 month low of $19.30 and a 12 month high of $30.65.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 13th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.30 dividend on an annualized basis and a yield of 1.36%. SB One Bancorp’s dividend payout ratio (DPR) is 16.13%.

In other SB One Bancorp news, Director Robert Mcnerney sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $22.77, for a total value of $56,925.00. Following the sale, the director now owns 4,197 shares in the company, valued at $95,565.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vito Giannola sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $22.50, for a total transaction of $202,500.00. Following the completion of the sale, the executive vice president now owns 62,712 shares in the company, valued at approximately $1,411,020. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 1,306 shares of company stock worth $29,708 and sold 13,500 shares worth $303,925. Company insiders own 14.40% of the company’s stock.

Institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its position in SB One Bancorp by 515.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,513 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,267 shares in the last quarter. Marshall Wace LLP acquired a new stake in SB One Bancorp in the first quarter valued at approximately $40,000. Citigroup Inc. boosted its position in SB One Bancorp by 29.2% in the fourth quarter. Citigroup Inc. now owns 2,537 shares of the financial services provider’s stock valued at $52,000 after buying an additional 574 shares in the last quarter. Bank of America Corp DE boosted its position in SB One Bancorp by 149.8% in the fourth quarter. Bank of America Corp DE now owns 6,770 shares of the financial services provider’s stock valued at $139,000 after buying an additional 4,060 shares in the last quarter. Finally, Rhumbline Advisers acquired a new stake in SB One Bancorp in the first quarter valued at approximately $211,000. Hedge funds and other institutional investors own 41.39% of the company’s stock.

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.

Featured Article: The primary rules of Elliott Wave theory

Get a free copy of the Zacks research report on SB One Bancorp (SBBX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for SB One Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SB One Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.