PL Capital Advisors LLC Raises Holdings in SB Financial Group, Inc. (NASDAQ:SBFG)

PL Capital Advisors LLC lifted its stake in SB Financial Group, Inc. (NASDAQ:SBFG) by 1,991.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 588,805 shares of the financial services provider’s stock after acquiring an additional 560,646 shares during the quarter. SB Financial Group accounts for about 0.1% of PL Capital Advisors LLC’s investment portfolio, making the stock its 24th largest holding. PL Capital Advisors LLC owned 8.85% of SB Financial Group worth $12,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in SB Financial Group by 5.0% during the 4th quarter. Empowered Funds LLC now owns 39,637 shares of the financial services provider’s stock worth $829,000 after acquiring an additional 1,875 shares during the period. Ritholtz Wealth Management bought a new position in shares of SB Financial Group during the 4th quarter valued at approximately $408,000. Barclays PLC grew its stake 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 buying an additional 972 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in SB Financial Group by 3.5% in the third quarter. Geode Capital Management LLC now owns 71,076 shares of the financial services provider’s stock worth $1,462,000 after acquiring an additional 2,416 shares in the last quarter. Institutional investors own 66.67% of the company’s stock.

SB Financial Group Stock Performance

SB Financial Group stock opened at $20.82 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.92 and a quick ratio of 0.91. The firm has a market capitalization of $138.49 million, a P/E ratio of 12.10 and a beta of 0.77. SB Financial Group, Inc. has a 1-year low of $13.01 and a 1-year high of $24.48. The company’s 50-day moving average is $21.69 and its 200 day moving average is $20.03.

SB Financial Group (NASDAQ:SBFG) last issued its earnings results on Thursday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. SB Financial Group had a net margin of 14.10% and a return on equity of 8.98%. Research analysts forecast that SB Financial Group, Inc. will post 2 EPS for the current year.

SB Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, February 14th. SB Financial Group’s dividend payout ratio is currently 33.72%.

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.