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

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

SB Financial Group Stock Up 2.7 %

SBFG stock opened at $18.52 on Friday. The company’s 50 day moving average price is $15.75 and its 200 day moving average price is $14.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91. SB Financial Group has a fifty-two week low of $12.42 and a fifty-two week high of $18.67. The firm has a market capitalization of $125.27 million, a price-to-earnings ratio of 10.58 and a beta of 0.73.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.11. SB Financial Group had a return on equity of 9.84% and a net margin of 15.27%. The firm had revenue of $14.05 million during the quarter, compared to the consensus estimate of $13.50 million. On average, equities research analysts anticipate that SB Financial Group will post 1.59 EPS for the current fiscal year.

SB Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.02%. SB Financial Group’s dividend payout ratio (DPR) is 32.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SBFG. Gendell Jeffrey L boosted its stake in SB Financial Group by 23.5% in the 4th quarter. Gendell Jeffrey L now owns 45,488 shares of the financial services provider’s stock valued at $698,000 after buying an additional 8,654 shares in the last quarter. Empowered Funds LLC grew its stake in SB Financial Group by 7.9% in the first quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 2,450 shares during the period. Finally, Princeton Capital Management LLC acquired a new position in shares of SB Financial Group during the second quarter worth about $146,000. 66.67% of the stock is owned by institutional investors and hedge funds.

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.