SB Financial Group (NASDAQ:SBFG) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

SB Financial Group (NASDAQ:SBFG) issued its quarterly earnings data on Thursday. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04, Zacks reports. SB Financial Group had a return on equity of 11.52% and a net margin of 17.22%.

SB Financial Group Stock Up 1.2%

Shares of SBFG stock traded up $0.31 during trading hours on Thursday, reaching $26.66. 15,652 shares of the stock were exchanged, compared to its average volume of 22,098. The business’s fifty day moving average is $23.71 and its two-hundred day moving average is $22.22. The firm has a market capitalization of $167.29 million, a P/E ratio of 10.41 and a beta of 0.19. SB Financial Group has a 12-month low of $18.16 and a 12-month high of $27.68. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

SB Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.4%. SB Financial Group’s payout ratio is currently 25.00%.

Institutional Investors Weigh In On SB Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in SB Financial Group by 98.3% during the 2nd quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock worth $2,842,000 after buying an additional 73,771 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of SB Financial Group in the 2nd quarter valued at about $524,000. Marshall Wace LLP purchased a new position in shares of SB Financial Group in the 2nd quarter valued at about $384,000. Goldman Sachs Group Inc. acquired a new stake in shares of SB Financial Group during the 1st quarter worth about $350,000. Finally, Bank of America Corp DE raised its position in shares of SB Financial Group by 496.4% during the 3rd quarter. Bank of America Corp DE now owns 15,852 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 13,194 shares in the last quarter. 66.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of SB Financial Group in a research note on Friday, June 26th. Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About SB Financial Group

SB Financial Group, Inc (NASDAQ: SBFG) is the bank holding company for Star Financial Bank, a full-service community bank headquartered in Fort Wayne, Indiana. Through its wholly owned subsidiary, the company offers a broad portfolio of commercial and consumer banking products, including deposit accounts, lending solutions, mortgage origination and servicing, and cash management services.

In its commercial banking division, SB Financial Group provides working capital loans, equipment financing, commercial real estate lending and treasury management solutions designed for small- and mid-sized businesses.