Separately, Zacks Investment Research cut shares of SB Financial Group from a hold rating to a sell rating in a research note on Wednesday, March 20th.
Shares of SBFG stock traded down $0.07 during trading hours on Monday, reaching $17.90. 2,104 shares of the stock were exchanged, compared to its average volume of 15,353. SB Financial Group has a 12-month low of $16.05 and a 12-month high of $20.53. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.20. The stock has a market cap of $115.91 million, a PE ratio of 11.85 and a beta of 0.86.
SB Financial Group (NASDAQ:SBFG) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. SB Financial Group had a net margin of 20.19% and a return on equity of 10.45%. The firm had revenue of $11.34 million during the quarter, compared to analysts’ expectations of $11.90 million. Sell-side analysts forecast that SB Financial Group will post 1.64 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, May 9th. This is a boost from SB Financial Group’s previous quarterly dividend of $0.09. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.01%. SB Financial Group’s payout ratio is currently 23.84%.
In other news, Director George W. Carter purchased 1,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $17.99 per share, with a total value of $26,985.00. Following the purchase, the director now owns 3,187 shares in the company, valued at $57,334.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.10% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of SB Financial Group by 10.2% in the 4th quarter. BlackRock Inc. now owns 6,854 shares of the financial services provider’s stock valued at $113,000 after purchasing an additional 635 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of SB Financial Group by 8.9% in the 4th quarter. Acadian Asset Management LLC now owns 24,449 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 2,004 shares in the last quarter. Southside Capital LLC bought a new stake in shares of SB Financial Group in the 4th quarter valued at about $480,000. Punch & Associates Investment Management Inc. raised its holdings in shares of SB Financial Group by 26.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 98,000 shares of the financial services provider’s stock valued at $1,766,000 after purchasing an additional 20,486 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of SB Financial Group by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 112,565 shares of the financial services provider’s stock valued at $1,852,000 after purchasing an additional 1,828 shares in the last quarter. 47.16% of the stock is owned by institutional investors.
About SB Financial Group
SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.
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