Wall Street analysts expect SB One Bancorp (NASDAQ:SBBX) to post $18.10 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 highest sales estimate is $18.20 million and the lowest is $18.00 million. SB One Bancorp reported sales of $13.83 million during the same quarter last year, which indicates a positive year over year growth rate of 30.9%. The company is scheduled to announce its next quarterly earnings results on Friday, February 7th.

On average, analysts expect that SB One Bancorp will report full year sales of $72.85 million for the current financial year, with estimates ranging from $72.40 million to $73.30 million. For the next fiscal year, analysts forecast that the company will post sales of $78.55 million, with estimates ranging from $78.40 million to $78.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover SB One Bancorp.

SB One Bancorp (NASDAQ:SBBX) last announced its earnings results on Friday, October 25th. The financial services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The business had revenue of $17.79 million for the quarter, compared to the consensus estimate of $17.90 million. SB One Bancorp had a net margin of 21.63% and a return on equity of 10.19%.

A number of equities analysts recently commented on SBBX shares. Zacks Investment Research upgraded SB One Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, December 31st. DA Davidson started coverage on SB One Bancorp in a report on Monday, November 25th. They set a “buy” rating and a $27.00 target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. SB One Bancorp currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Shares of SB One Bancorp stock traded down $0.05 during midday trading on Tuesday, reaching $24.45. 17,918 shares of the company’s stock traded hands, compared to its average volume of 11,396. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $230.34 million, a PE ratio of 11.40 and a beta of 0.72. The stock has a 50 day moving average of $24.42 and a 200-day moving average of $23.08. SB One Bancorp has a 12 month low of $20.48 and a 12 month high of $25.24.

In related news, CEO George Lista sold 2,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $22.27, for a total value of $44,540.00. Following the sale, the chief executive officer now directly owns 77,436 shares of the company’s stock, valued at $1,724,499.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 14.40% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. State Street Corp grew its stake in SB One Bancorp by 8.2% in the third quarter. State Street Corp now owns 142,912 shares of the financial services provider’s stock worth $3,224,000 after purchasing an additional 10,856 shares during the period. Tower Research Capital LLC TRC purchased a new stake in SB One Bancorp in the third quarter worth $41,000. Russell Investments Group Ltd. purchased a new stake in SB One Bancorp in the third quarter worth $145,000. Rhumbline Advisers grew its stake in SB One Bancorp by 9.8% in the third quarter. Rhumbline Advisers now owns 11,781 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 1,054 shares during the period. Finally, First Trust Advisors LP grew its stake in SB One Bancorp by 54.8% in the third quarter. First Trust Advisors LP now owns 16,734 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 5,925 shares during the period. 44.02% of the stock is currently owned by institutional investors.

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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