SB Financial Group (NASDAQ:SBFG) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of SB Financial Group (NASDAQ:SBFG) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Stock Up 2.8 %

SB Financial Group stock opened at $15.75 on Tuesday. The firm has a market cap of $106.00 million, a price-to-earnings ratio of 9.00 and a beta of 0.73. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.91 and a quick ratio of 0.90. SB Financial Group has a fifty-two week low of $12.42 and a fifty-two week high of $17.51. The firm has a fifty day moving average price of $14.92 and a two-hundred day moving average price of $14.27.

SB Financial Group (NASDAQ:SBFG) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.11. The firm had revenue of $14.05 million during the quarter, compared to analyst estimates of $13.50 million. SB Financial Group had a net margin of 15.27% and a return on equity of 9.84%. As a group, analysts forecast that SB Financial Group will post 1.59 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, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Friday, August 9th. SB Financial Group’s dividend payout ratio is currently 32.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Princeton Capital Management LLC acquired a new position in shares of SB Financial Group during the second quarter valued at about $146,000. Empowered Funds LLC raised its position in shares of SB Financial Group by 7.9% during the first quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock valued at $460,000 after buying an additional 2,450 shares during the last quarter. Finally, Gendell Jeffrey L raised its position in shares of SB Financial Group by 7.3% during the first quarter. Gendell Jeffrey L now owns 48,823 shares of the financial services provider’s stock valued at $673,000 after buying an additional 3,335 shares during the last quarter. Institutional investors and hedge funds 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.