SB Financial Group (NASDAQ:SBFG) Issues Quarterly Earnings Results

SB Financial Group (NASDAQ:SBFG) issued its quarterly earnings results on Friday. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, FiscalAI reports. SB Financial Group had a net margin of 17.67% and a return on equity of 11.95%. The company had revenue of $18.00 million during the quarter.

SB Financial Group Stock Performance

SBFG traded down $0.32 on Friday, reaching $26.28. The company had a trading volume of 14,028 shares, compared to its average volume of 21,991. SB Financial Group has a 1 year low of $18.16 and a 1 year high of $27.68. The stock has a market capitalization of $165.04 million, a PE ratio of 9.81 and a beta of 0.19. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $24.28 and a 200-day moving average price of $22.42.

SB Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 14th. SB Financial Group’s dividend payout ratio (DPR) is currently 23.88%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SBFG. Wall Street Zen raised shares of SB Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SB Financial Group in a research report on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On SB Financial Group

Several hedge funds have recently made changes to their positions in SBFG. Goldman Sachs Group Inc. purchased a new stake in shares of SB Financial Group in the 1st quarter valued at about $350,000. Empowered Funds LLC grew its stake in SB Financial Group by 7.1% during the 1st quarter. Empowered Funds LLC now owns 42,469 shares of the financial services provider’s stock worth $884,000 after buying an additional 2,832 shares during the last quarter. Jane Street Group LLC lifted its stake in SB Financial Group by 123.0% in the first quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider’s stock valued at $461,000 after buying an additional 12,224 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of SB Financial Group by 56.0% in the 1st quarter. Acadian Asset Management LLC now owns 5,761 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 2,068 shares during the period. Finally, Geode Capital Management LLC raised its position in SB Financial Group by 98.3% in the 2nd quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock valued at $2,842,000 after purchasing an additional 73,771 shares during the last quarter. Hedge funds and other institutional investors own 66.67% of the company’s stock.

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.