The Manufacturers Life Insurance Company Sells 770 Shares of SB Financial Group, Inc. (NASDAQ:SBFG)

The Manufacturers Life Insurance Company cut its holdings in SB Financial Group, Inc. (NASDAQ:SBFG) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 483,868 shares of the financial services provider’s stock after selling 770 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of SB Financial Group worth $9,948,000 as of its most recent SEC filing.

Separately, Empowered Funds LLC grew its stake in shares of SB Financial Group by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 1,876 shares during the period. Institutional investors own 66.67% of the company’s stock.

SB Financial Group Trading Up 0.8 %

Shares of SBFG stock opened at $21.41 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.92 and a quick ratio of 0.91. The company has a market cap of $142.42 million, a price-to-earnings ratio of 12.30 and a beta of 0.77. SB Financial Group, Inc. has a 1 year low of $13.01 and a 1 year high of $22.00. The firm has a fifty day moving average price of $19.99 and a 200-day moving average price of $16.94.

SB Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.71%. The ex-dividend date was Friday, November 8th. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. SB Financial Group’s payout ratio is currently 33.33%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of SB Financial Group in a report on Saturday, September 21st. They issued a “hold” rating on the stock.

About SB Financial Group

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.