StockNews.com Begins Coverage on SB Financial Group (NASDAQ:SBFG)

StockNews.com began coverage on shares of SB Financial Group (NASDAQ:SBFG) in a research note released on Monday. The firm issued a hold rating on the financial services provider’s stock.

SB Financial Group Stock Performance

Shares of SB Financial Group stock opened at $13.80 on Monday. The business’s fifty day simple moving average is $13.84 and its 200 day simple moving average is $14.16. The firm has a market capitalization of $93.70 million, a P/E ratio of 7.89 and a beta of 0.68. SB Financial Group has a 12 month low of $11.82 and a 12 month high of $16.25. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.83.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.22. The business had revenue of $15.12 million for the quarter, compared to analyst estimates of $13.40 million. SB Financial Group had a return on equity of 10.12% and a net margin of 15.47%. As a group, analysts anticipate that SB Financial Group will post 1.41 EPS for the current year.

SB Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be issued a dividend of $0.14 per share. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Thursday, May 9th. SB Financial Group’s dividend payout ratio (DPR) is 30.86%.

Institutional Trading of SB Financial Group

A hedge fund recently raised its stake in SB Financial Group stock. PL Capital Advisors LLC lifted its stake in shares of SB Financial Group, Inc. (NASDAQ:SBFG) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,159 shares of the financial services provider’s stock after purchasing an additional 1,123 shares during the quarter. PL Capital Advisors LLC owned 0.41% of SB Financial Group worth $380,000 as of its most recent SEC filing. Institutional investors own 66.67% of the company’s stock.

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.