SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Down 34.5% in December

SB Financial Group, Inc. (NASDAQ:SBFG) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 3,800 shares, a decrease of 34.5% from the November 30th total of 5,800 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 19,200 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on SB Financial Group in a research note on Saturday, September 21st. They issued a “hold” rating on the stock.

SB Financial Group Stock Performance

SBFG traded down $0.10 on Friday, hitting $21.48. The company’s stock had a trading volume of 21,284 shares, compared to its average volume of 9,345. The company’s 50 day simple moving average is $20.62 and its 200-day simple moving average is $17.91. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.41. SB Financial Group has a 12 month low of $13.01 and a 12 month high of $23.00. The firm has a market cap of $142.88 million, a P/E ratio of 12.34 and a beta of 0.77.

SB Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.145 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from SB Financial Group’s previous quarterly dividend of $0.14. This represents a $0.58 annualized dividend and a dividend yield of 2.70%. SB Financial Group’s payout ratio is 33.33%.

Institutional Trading of SB Financial Group

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

About SB Financial Group

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.