SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Down 15.8% in October

SB Financial Group, Inc. (NASDAQ:SBFG) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 6,400 shares, a decline of 15.8% from the September 30th total of 7,600 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 9,900 shares, the days-to-cover ratio is currently 0.6 days.

SB Financial Group Price Performance

NASDAQ:SBFG traded down $0.10 during midday trading on Wednesday, hitting $19.59. 6,698 shares of the stock were exchanged, compared to its average volume of 5,962. The company has a market capitalization of $131.84 million, a price-to-earnings ratio of 11.07 and a beta of 0.74. 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 has a one year low of $12.85 and a one year high of $21.21. The business has a 50-day moving average price of $18.60 and a two-hundred day moving average price of $15.83.

SB Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.145 dividend. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.58 annualized dividend and a dividend yield of 2.96%. SB Financial Group’s dividend payout ratio is 32.18%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SBFG. Princeton Capital Management LLC acquired a new stake in SB Financial Group in the 2nd quarter valued at about $146,000. Empowered Funds LLC boosted its holdings in SB Financial Group by 7.9% during the first 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, Gendell Jeffrey L grew its position 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 worth $673,000 after buying an additional 3,335 shares during the last quarter. Institutional investors own 66.67% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.