Brokerages Expect SB One Bancorp (NASDAQ:SBBX) to Announce $0.58 EPS

Shares of SB One Bancorp (NASDAQ:SBBX) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price objective of $27.75 for the company and are anticipating that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also given SB One Bancorp an industry rank of 210 out of 255 based on the ratings given to its competitors.

SBBX has been the subject of a number of recent analyst reports. ValuEngine upgraded SB One Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research cut SB One Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, September 20th.

SBBX opened at $22.55 on Wednesday. The business has a fifty day moving average of $22.63 and a 200 day moving average of $22.59. SB One Bancorp has a 52-week low of $19.30 and a 52-week high of $25.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The stock has a market cap of $207.95 million, a P/E ratio of 12.12 and a beta of 0.69.

SB One Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.05. SB One Bancorp had a return on equity of 10.09% and a net margin of 21.20%. The company had revenue of $19.38 million during the quarter, compared to analysts’ expectations of $18.20 million. Equities analysts anticipate that SB One Bancorp will post 2.31 EPS for the current fiscal year.

In other SB One Bancorp news, CEO George Lista sold 2,500 shares of SB One Bancorp stock in a transaction on Monday, September 16th. The stock was sold at an average price of $23.90, for a total transaction of $59,750.00. Following the completion of the sale, the chief executive officer now directly owns 76,936 shares of the company’s stock, valued at approximately $1,838,770.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edward J. Leppert bought 1,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $22.89 per share, with a total value of $34,335.00. Following the completion of the transaction, the director now owns 28,227 shares in the company, valued at $646,116.03. The disclosure for this purchase can be found here. 14.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC raised its position in SB One Bancorp by 62.9% during the 2nd quarter. Acadian Asset Management LLC now owns 1,833 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 708 shares in the last quarter. Marshall Wace LLP bought a new stake in SB One Bancorp during the 1st quarter valued at $40,000. Steward Partners Investment Advisory LLC bought a new stake in SB One Bancorp during the 2nd quarter valued at $78,000. Salzhauer Michael bought a new stake in SB One Bancorp during the 2nd quarter valued at $237,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SB One Bancorp by 22.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,869 shares of the financial services provider’s stock worth $422,000 after acquiring an additional 3,482 shares in the last quarter. 43.06% of the stock is owned by institutional investors and hedge funds.

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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