SB Financial Group (NASDAQ:SBFG) Now Covered by Analysts at StockNews.com

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

SB Financial Group Stock Up 4.9 %

Shares of NASDAQ:SBFG opened at $18.04 on Friday. SB Financial Group has a 52-week low of $12.42 and a 52-week high of $18.62. The company has a market capitalization of $121.41 million, a PE ratio of 10.31 and a beta of 0.73. 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 fifty day moving average of $15.75 and a 200-day moving average of $14.49.

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

SB Financial Group Announces Dividend

The firm also recently announced 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 3.10%. The ex-dividend date of this dividend was Friday, August 9th. SB Financial Group’s payout ratio is 32.00%.

Institutional Trading of SB Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Princeton Capital Management LLC acquired a new position in shares of SB Financial Group in the 2nd quarter worth approximately $146,000. Empowered Funds LLC lifted its holdings in 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 during the period. Finally, Gendell Jeffrey L lifted its holdings in 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 during the period. 66.67% of the stock is currently owned by institutional investors and hedge funds.

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.