Short Interest in SB Financial Group, Inc. (NASDAQ:SBFG) Decreases By 29.1%

SB Financial Group, Inc. (NASDAQ:SBFG) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 79,600 shares, a decrease of 29.1% from the January 31st total of 112,200 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average trading volume of 22,900 shares, the days-to-cover ratio is currently 3.5 days.

Hedge Funds Weigh In On SB Financial Group

A number of hedge funds have recently added to or reduced their stakes in SBFG. Bridgeway Capital Management LLC grew its stake in SB Financial Group by 2.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 75,127 shares of the financial services provider’s stock worth $1,571,000 after purchasing an additional 1,875 shares in the last quarter. Jane Street Group LLC bought a new position in shares of SB Financial Group during the 4th quarter worth $208,000. Northern Trust Corp grew its position in shares of SB Financial Group by 41.5% during the 4th quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider’s stock worth $525,000 after buying an additional 7,370 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of SB Financial Group by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 164,832 shares of the financial services provider’s stock valued at $3,447,000 after acquiring an additional 5,137 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of SB Financial Group by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 71,749 shares of the financial services provider’s stock valued at $1,501,000 after acquiring an additional 673 shares in the last quarter. 66.67% of the stock is currently owned by institutional investors.

SB Financial Group Trading Down 1.0 %

NASDAQ:SBFG traded down $0.20 during mid-day trading on Wednesday, hitting $20.25. 7,775 shares of the stock traded hands, compared to its average volume of 17,809. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $134.71 million, a price-to-earnings ratio of 11.77 and a beta of 0.77. SB Financial Group has a 52 week low of $13.01 and a 52 week high of $24.48. The firm’s 50 day moving average is $21.65 and its two-hundred day moving average is $20.23.

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

SB Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.145 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.58 dividend on an annualized basis and a yield of 2.86%. SB Financial Group’s payout ratio is 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.