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

StockNews.com began coverage on shares of SB Financial Group (NASDAQ:SBFG) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Stock Performance

Shares of SB Financial Group stock opened at $20.00 on Friday. SB Financial Group has a one year low of $12.42 and a one year high of $20.53. The firm has a market capitalization of $135.28 million, a price-to-earnings ratio of 11.43 and a beta of 0.73. The business has a 50-day simple moving average of $16.52 and a 200 day simple moving average of $14.76. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.90.

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

SB Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Friday, August 9th. SB Financial Group’s dividend payout ratio is currently 32.00%.

Institutional Trading of SB Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its holdings in SB Financial Group by 7.9% during the 1st quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock worth $460,000 after purchasing an additional 2,450 shares in the last quarter. Gendell Jeffrey L increased its holdings in SB Financial Group by 7.3% during the 1st quarter. Gendell Jeffrey L now owns 48,823 shares of the financial services provider’s stock worth $673,000 after purchasing an additional 3,335 shares in the last quarter. Finally, Princeton Capital Management LLC bought a new stake in SB Financial Group during the 2nd quarter worth approximately $146,000. 66.67% of the stock is owned by institutional investors.

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.