Short Interest in SB Financial Group, Inc. (NASDAQ:SBFG) Increases By 28.2%


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SB Financial Group, Inc. (NASDAQ:SBFG) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 125,600 shares, a growth of 28.2% from the March 31st total of 98,000 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 20,500 shares, the days-to-cover ratio is currently 6.1 days.

Separately, Zacks Investment Research downgraded shares of SB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 7th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of SB Financial Group by 14.5% in the third quarter. JPMorgan Chase & Co. now owns 7,478 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 949 shares during the period. Nuveen Asset Management LLC raised its position in shares of SB Financial Group by 99.4% during the 4th quarter. Nuveen Asset Management LLC now owns 22,565 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 11,246 shares during the last quarter. Venture Visionary Partners LLC purchased a new position in SB Financial Group in the 1st quarter valued at about $440,000. Wells Fargo & Company MN boosted its holdings in SB Financial Group by 8.3% in the 4th quarter. Wells Fargo & Company MN now owns 27,204 shares of the financial services provider’s stock worth $497,000 after buying an additional 2,082 shares during the last quarter. Finally, Cutler Capital Management LLC grew its holdings in shares of SB Financial Group by 0.3% during the first quarter. Cutler Capital Management LLC now owns 299,004 shares of the financial services provider’s stock worth $5,460,000 after buying an additional 798 shares in the last quarter. 52.89% of the stock is owned by institutional investors.

Shares of NASDAQ:SBFG traded down $0.04 during trading on Tuesday, reaching $18.01. 21,304 shares of the company’s stock traded hands, compared to its average volume of 20,326. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. SB Financial Group has a fifty-two week low of $12.02 and a fifty-two week high of $19.98. The company has a 50-day simple moving average of $18.21 and a 200-day simple moving average of $17.92. The firm has a market cap of $133.09 million, a PE ratio of 10.81 and a beta of 1.23.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings results on Thursday, April 29th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. SB Financial Group had a return on equity of 11.64% and a net margin of 18.39%. On average, equities research analysts forecast that SB Financial Group will post 2.09 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 28th. Investors of record on Friday, May 14th will be paid a $0.11 dividend. The ex-dividend date is Thursday, May 13th. This represents a $0.44 dividend on an annualized basis and a yield of 2.44%. This is a boost from SB Financial Group’s previous quarterly dividend of $0.11. SB Financial Group’s dividend payout ratio (DPR) is currently 25.93%.

About SB Financial Group

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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