SB Financial Group, Inc. (NASDAQ:SBFG) Short Interest Down 32.5% in March

SB Financial Group, Inc. (NASDAQ:SBFG) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 78,600 shares, a decline of 32.5% from the February 28th total of 116,500 shares. Based on an average daily volume of 21,200 shares, the short-interest ratio is presently 3.7 days. Approximately 1.3% of the company’s shares are sold short.

SB Financial Group Price Performance

Shares of NASDAQ:SBFG opened at $20.82 on Tuesday. The company’s fifty day moving average is $21.51 and its two-hundred day moving average is $20.76. The company has a market cap of $136.06 million, a P/E ratio of 12.10 and a beta of 0.80. SB Financial Group has a 12-month low of $13.01 and a 12-month high of $24.48. 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 (NASDAQ:SBFG) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.11. SB Financial Group had a return on equity of 8.98% and a net margin of 14.10%. Equities analysts expect that SB Financial Group will post 2 earnings per share for the current fiscal year.

SB Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Friday, February 14th. SB Financial Group’s dividend payout ratio (DPR) is 33.72%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in SB Financial Group by 325.1% in the 3rd quarter. Barclays PLC now owns 1,271 shares of the financial services provider’s stock worth $26,000 after buying an additional 972 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of SB Financial Group during the fourth quarter worth $62,000. Jane Street Group LLC acquired a new stake in SB Financial Group during the fourth quarter valued at $208,000. Ritholtz Wealth Management purchased a new position in SB Financial Group in the fourth quarter valued at about $408,000. Finally, Northern Trust Corp increased its position in SB Financial Group by 41.5% in the 4th quarter. Northern Trust Corp now owns 25,108 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 7,370 shares during the last quarter. 66.67% of the stock is owned by hedge funds and other institutional investors.

SB Financial Group Company Profile

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.