SB Financial Group (NASDAQ:SBFG) Share Price Passes Above 50 Day Moving Average – What’s Next?

SB Financial Group, Inc. (NASDAQ:SBFG)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $20.23 and traded as high as $21.93. SB Financial Group shares last traded at $21.65, with a volume of 19,549 shares.

Wall Street Analysts Forecast Growth

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

SB Financial Group Stock Down 0.7 %

The firm has a market cap of $143.97 million, a P/E ratio of 12.44 and a beta of 0.77. The company’s 50-day simple moving average is $20.23 and its 200 day simple moving average is $17.33. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.92 and a quick ratio of 0.91.

SB Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.145 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.58 annualized dividend and a yield of 2.68%. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. SB Financial Group’s dividend payout ratio (DPR) is currently 33.33%.

Institutional Investors Weigh In On SB Financial Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SBFG. Barclays PLC boosted its holdings in shares of SB Financial Group by 325.1% in the 3rd quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 972 shares during the period. Empowered Funds LLC boosted its stake in SB Financial Group by 5.2% during the third quarter. Empowered Funds LLC now owns 37,762 shares of the financial services provider’s stock worth $776,000 after buying an additional 1,876 shares during the period. Geode Capital Management LLC boosted its stake in SB Financial Group by 3.5% during the third quarter. Geode Capital Management LLC now owns 71,076 shares of the financial services provider’s stock worth $1,462,000 after buying an additional 2,416 shares during the period. Finally, Princeton Capital Management LLC bought a new position in SB Financial Group during the second quarter valued at $146,000. 66.67% of the stock is currently owned by hedge funds and other 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.