SB Financial Group (NASDAQ:SBFG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of SB Financial Group (NASDAQ:SBFG) in a report issued on Saturday. The firm issued a hold rating on the financial services provider’s stock.

SB Financial Group Price Performance

Shares of NASDAQ:SBFG opened at $20.40 on Friday. The company’s fifty day moving average is $16.28 and its two-hundred day moving average is $14.66. The company has a market cap of $137.99 million, a P/E ratio of 11.66 and a beta of 0.73. SB Financial Group has a 12-month low of $12.42 and a 12-month high of $20.53. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.44.

SB Financial Group (NASDAQ:SBFG) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.11. The firm had revenue of $14.05 million for the quarter, compared to analyst estimates of $13.50 million. SB Financial Group had a return on equity of 9.84% and a net margin of 15.27%. Equities analysts expect that SB Financial Group will post 1.59 earnings per share for the current fiscal year.

SB Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend was Friday, August 9th. SB Financial Group’s dividend payout ratio is currently 32.00%.

Institutional Investors Weigh In On SB Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Princeton Capital Management LLC purchased a new position in shares of SB Financial Group during the 2nd quarter valued at $146,000. Empowered Funds LLC boosted its position in SB Financial Group by 7.9% during the first quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock valued at $460,000 after purchasing an additional 2,450 shares during the last quarter. Finally, Gendell Jeffrey L grew its stake in SB Financial Group by 23.5% in the fourth quarter. Gendell Jeffrey L now owns 45,488 shares of the financial services provider’s stock valued at $698,000 after purchasing an additional 8,654 shares in the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.

SB Financial Group Company Profile

SB Financial Group, Inc operates as the financial holding company for the State Bank and Trust Company that provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan. It offers checking, savings, money market accounts, as well as time certificates of deposit; and commercial, consumer, agricultural, and residential mortgage loans.