Analysts Expect SB One Bancorp (SBBX) to Post $0.50 EPS

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Shares of SB One Bancorp (NASDAQ:SBBX) have been given an average broker rating score of 1.50 (Buy) from the four analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and three have given a strong buy recommendation to the company. SB One Bancorp’s rating score has improved by 35.6% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price objective of $30.42 for the company and are expecting that the company will post $0.50 EPS for the current quarter, according to Zacks. Zacks has also assigned SB One Bancorp an industry rank of 143 out of 255 based on the ratings given to related companies.

SBBX has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of SB One Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Hovde Group raised shares of SB One Bancorp from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $33.00 to $30.00 in a research report on Friday, September 21st. ValuEngine lowered shares of SB One Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Finally, Boenning Scattergood initiated coverage on shares of SB One Bancorp in a research report on Monday, October 1st. They issued an “outperform” rating on the stock.

In related news, Director Edward J. Leppert bought 5,000 shares of SB One Bancorp stock in a transaction dated Wednesday, September 19th. The shares were acquired at an average cost of $26.50 per share, with a total value of $132,500.00. Following the completion of the transaction, the director now owns 57,182 shares in the company, valued at approximately $1,515,323. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George Lista sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $27.46, for a total transaction of $54,920.00. Following 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 have bought 7,540 shares of company stock worth $201,389. Corporate insiders own 10.50% of the company’s stock.

Several large investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of SB One Bancorp during the second quarter worth approximately $10,141,000. Seidman Lawrence B purchased a new position in shares of SB One Bancorp during the second quarter worth approximately $8,973,000. EJF Capital LLC bought a new position in shares of SB One Bancorp during the second quarter valued at approximately $4,797,000. Renaissance Technologies LLC bought a new position in shares of SB One Bancorp during the second quarter valued at approximately $4,580,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of SB One Bancorp during the second quarter valued at approximately $2,937,000. 50.73% of the stock is currently owned by institutional investors and hedge funds.

SB One Bancorp stock traded down $0.13 during midday trading on Monday, reaching $24.21. The stock had a trading volume of 86,391 shares, compared to its average volume of 32,776. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.94 and a quick ratio of 0.94. SB One Bancorp has a 52-week low of $23.65 and a 52-week high of $32.85. The firm has a market capitalization of $199.83 million, a P/E ratio of 17.05 and a beta of 0.34.

SB One Bancorp (NASDAQ:SBBX) last posted its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.07). SB One Bancorp had a return on equity of 9.30% and a net margin of 12.21%. The firm had revenue of $13.87 million during the quarter, compared to analysts’ expectations of $13.90 million. Research analysts anticipate that SB One Bancorp will post 1.94 earnings per share for the current fiscal year.

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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