SB Financial Group (NASDAQ:SBFG) Research Coverage Started at StockNews.com

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

SB Financial Group Stock Down 1.6 %

Shares of NASDAQ:SBFG opened at $20.08 on Friday. The company has a market capitalization of $135.82 million, a price-to-earnings ratio of 11.47 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 business has a 50-day moving average price of $16.40 and a 200 day moving average price of $14.71. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.44.

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

SB Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were paid a $0.14 dividend. The ex-dividend date was Friday, August 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.79%. SB Financial Group’s payout ratio is presently 32.00%.

Hedge Funds Weigh In On SB Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Gendell Jeffrey L lifted its position in shares of SB Financial Group by 23.5% during the fourth quarter. Gendell Jeffrey L now owns 45,488 shares of the financial services provider’s stock worth $698,000 after purchasing an additional 8,654 shares in the last quarter. Empowered Funds LLC lifted 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 buying an additional 2,450 shares in the last quarter. Finally, Princeton Capital Management LLC purchased a new position in SB Financial Group in the 2nd quarter valued at approximately $146,000. 66.67% of the stock is currently owned by hedge funds and other institutional investors.

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.