SB Financial Group (NASDAQ:SBFG) Shares Cross Above 50 Day Moving Average – Here’s Why

SB Financial Group, Inc. (NASDAQ:SBFG)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $21.74 and traded as high as $22.44. SB Financial Group shares last traded at $22.24, with a volume of 17,417 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, SB Financial Group currently has a consensus rating of “Moderate Buy”.

SB Financial Group Stock Up 0.1%

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $139.67 million, a P/E ratio of 8.69 and a beta of 0.21. The company’s fifty day simple moving average is $21.74 and its 200 day simple moving average is $21.58.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. SB Financial Group had a net margin of 17.22% and a return on equity of 11.52%. The business had revenue of $17.42 million during the quarter, compared to analyst estimates of $12.60 million. Research analysts expect that SB Financial Group, Inc. will post 2.53 EPS for the current year.

SB Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.16 dividend. This is a boost from SB Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, May 15th. This represents a $0.64 annualized dividend and a yield of 2.9%. SB Financial Group’s dividend payout ratio (DPR) is currently 25.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in SB Financial Group by 10.8% in the 1st quarter. Bank of America Corp DE now owns 19,633 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 1,908 shares in the last quarter. Globeflex Capital L P bought a new position in SB Financial Group in the 1st quarter worth $149,000. Dimensional Fund Advisors LP raised its holdings in SB Financial Group by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 197,772 shares of the financial services provider’s stock worth $4,153,000 after purchasing an additional 5,677 shares in the last quarter. Hsbc Holdings PLC raised its holdings in SB Financial Group by 22.7% in the 1st quarter. Hsbc Holdings PLC now owns 31,832 shares of the financial services provider’s stock worth $672,000 after purchasing an additional 5,896 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in SB Financial Group by 27.0% in the 4th quarter. AQR Capital Management LLC now owns 13,301 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 2,830 shares in the last quarter. 66.67% of the stock is currently owned by institutional investors.

SB Financial Group Company Profile

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.