StockNews.com Begins Coverage on SB Financial Group (NASDAQ:SBFG)

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

SB Financial Group Stock Performance

Shares of SBFG stock opened at $15.15 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. The company has a market capitalization of $102.47 million, a P/E ratio of 8.66 and a beta of 0.73. The company’s 50 day moving average price is $14.74 and its two-hundred day moving average price is $14.28. SB Financial Group has a 52 week low of $12.42 and a 52 week high of $17.51.

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

SB Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, August 9th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.70%. SB Financial Group’s dividend payout ratio (DPR) is presently 32.00%.

Institutional Trading of SB Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Princeton Capital Management LLC bought a new position in shares of SB Financial Group in the second quarter valued at $146,000. Gendell Jeffrey L grew its stake in shares of SB Financial Group by 7.3% in the first quarter. Gendell Jeffrey L now owns 48,823 shares of the financial services provider’s stock valued at $673,000 after buying an additional 3,335 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in shares of SB Financial Group by 7.9% in the first quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock valued at $460,000 after buying an additional 2,450 shares in the last quarter. 66.67% of the stock is currently owned by institutional investors and hedge funds.

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.