Pinnacle Holdings LLC Invests $3.96 Million in SB Financial Group, Inc. $SBFG

Pinnacle Holdings LLC acquired a new stake in shares of SB Financial Group, Inc. (NASDAQ:SBFG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 156,598 shares of the financial services provider’s stock, valued at approximately $3,957,000. SB Financial Group comprises approximately 1.2% of Pinnacle Holdings LLC’s investment portfolio, making the stock its 20th biggest position. Pinnacle Holdings LLC owned approximately 2.51% of SB Financial Group as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. bought a new stake in SB Financial Group in the 1st quarter worth approximately $350,000. Empowered Funds LLC boosted its stake in SB Financial Group by 7.1% in the first 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 in the last quarter. Jane Street Group LLC grew its position in SB Financial Group by 123.0% during the first quarter. Jane Street Group LLC now owns 22,159 shares of the financial services provider’s stock valued at $461,000 after acquiring an additional 12,224 shares during the last quarter. Acadian Asset Management LLC grew its position in SB Financial Group by 56.0% during the first 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 last quarter. Finally, Geode Capital Management LLC grew its position in SB Financial Group by 98.3% during the second quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock valued at $2,842,000 after acquiring an additional 73,771 shares during the last quarter. 66.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SBFG shares. Wall Street Zen lowered shares of SB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SB Financial Group in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, SB Financial Group presently has a consensus rating of “Moderate Buy”.

SB Financial Group Price Performance

SBFG stock opened at $26.57 on Monday. The stock has a market capitalization of $166.06 million, a price-to-earnings ratio of 9.91 and a beta of 0.19. The firm’s 50-day moving average price is $25.80 and its two-hundred day moving average price is $22.97. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.29. SB Financial Group, Inc. has a 12-month low of $18.16 and a 12-month high of $28.38.

SB Financial Group (NASDAQ:SBFG) last posted its earnings results on Friday, July 31st. The financial services provider reported $0.73 earnings per share for the quarter. The company had revenue of $18.00 million during the quarter. SB Financial Group had a net margin of 17.67% and a return on equity of 11.82%. As a group, equities analysts predict that SB Financial Group, Inc. will post 2.56 earnings per share for the current year.

SB Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 yield of 2.4%. SB Financial Group’s dividend payout ratio is presently 23.88%.

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.