SB Financial Group (NASDAQ:SBFG) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

SB Financial Group, Inc. (NASDAQ:SBFG) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.04 and traded as low as $19.97. SB Financial Group shares last traded at $20.16, with a volume of 12,084 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SBFG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SB Financial Group in a report on Monday, December 29th. Wall Street Zen downgraded SB Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Zacks Research cut shares of SB Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

SB Financial Group Stock Up 0.2%

The company has a market capitalization of $127.70 million, a P/E ratio of 9.21 and a beta of 0.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.94 and a quick ratio of 0.93. The company has a 50 day moving average of $21.43 and a 200-day moving average of $21.03.

SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings data on Friday, January 30th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. SB Financial Group had a return on equity of 10.88% and a net margin of 15.35%.The business had revenue of $16.58 million during the quarter, compared to analysts’ expectations of $12.30 million. As a group, equities analysts anticipate that SB Financial Group, Inc. will post 2 EPS for the current year.

SB Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, February 13th. SB Financial Group’s payout ratio is 28.18%.

Institutional Investors Weigh In On SB Financial Group

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its holdings in SB Financial Group by 98.3% in the second quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock worth $2,842,000 after purchasing an additional 73,771 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in SB Financial Group in the second quarter worth $524,000. Valmark Advisers Inc. purchased a new stake in shares of SB Financial Group in the third quarter worth $439,000. Marshall Wace LLP bought a new position in shares of SB Financial Group during the second quarter valued at $384,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of SB Financial Group during the first quarter valued at $350,000. Institutional investors own 66.67% of the company’s stock.

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.