SB Financial Group (NASDAQ:SBFG) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of SB Financial Group (NASDAQ:SBFGGet Rating) in a report published on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Stock Performance

NASDAQ SBFG opened at $17.85 on Friday. SB Financial Group has a fifty-two week low of $16.28 and a fifty-two week high of $20.85. The stock has a market cap of $125.49 million, a price-to-earnings ratio of 9.69 and a beta of 0.99. The business has a fifty day moving average of $17.22 and a 200-day moving average of $18.21. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.36.

SB Financial Group (NASDAQ:SBFGGet Rating) last released its quarterly earnings results on Monday, July 25th. The financial services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. SB Financial Group had a return on equity of 8.44% and a net margin of 20.25%. The company had revenue of $14.27 million during the quarter, compared to analysts’ expectations of $11.90 million. During the same period in the previous year, the firm posted $0.50 earnings per share. As a group, analysts predict that SB Financial Group will post 1.45 earnings per share for the current fiscal year.

SB Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.69%. SB Financial Group’s dividend payout ratio (DPR) is 26.05%.

Hedge Funds Weigh In On SB Financial Group

Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in SB Financial Group in the first quarter valued at $52,000. UBS Group AG increased its stake in SB Financial Group by 18.2% during the second quarter. UBS Group AG now owns 9,309 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 1,434 shares during the last quarter. Cutter & CO Brokerage Inc. increased its stake in SB Financial Group by 5.0% during the first quarter. Cutter & CO Brokerage Inc. now owns 11,970 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 570 shares during the last quarter. State Street Corp increased its stake in SB Financial Group by 14.4% during the first quarter. State Street Corp now owns 16,111 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 2,033 shares during the last quarter. Finally, Venture Visionary Partners LLC increased its stake in SB Financial Group by 5.2% during the first quarter. Venture Visionary Partners LLC now owns 23,047 shares of the financial services provider’s stock worth $458,000 after acquiring an additional 1,134 shares during the last quarter. 49.95% of the stock is currently owned by institutional investors and hedge funds.

About SB Financial Group

(Get Rating)

SB Financial Group, Inc 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.

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