SB Financial Group, Inc. (NASDAQ:SBFG) to Issue Dividend Increase – $0.15 Per Share

Posted by Chris Copeland on Nov 6th, 2024

SB Financial Group, Inc. (NASDAQ:SBFG – Get Free Report) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Stockholders of record on Friday, November 8th will be paid a dividend of 0.145 per share by the financial services provider on Friday, November 22nd. This represents a $0.58 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Friday, November 8th. This is a boost from SB Financial Group’s previous quarterly dividend of $0.14.

SB Financial Group has increased its dividend payment by an average of 10.9% per year over the last three years and has increased its dividend every year for the last 11 years. SB Financial Group has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect SB Financial Group to earn $1.78 per share next year, which means the company should continue to be able to cover its $0.58 annual dividend with an expected future payout ratio of 32.6%.

SB Financial Group Stock Up 7.0 %

SBFG traded up $1.27 on Wednesday, hitting $19.37. 931 shares of the company were exchanged, compared to its average volume of 6,084. The company has a market cap of $130.36 million, a PE ratio of 10.40 and a beta of 0.75. The stock’s fifty day moving average is $18.96 and its 200-day moving average is $16.04. SB Financial Group has a 12 month low of $12.85 and a 12 month high of $21.21. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.90 and a current ratio of 0.91.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of SB Financial Group in a report on Saturday, September 21st. They set a “hold” rating for the company.

Check Out Our Latest Stock Report on SB Financial Group

SB Financial Group Company Profile

(Get Free Report)

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.