SB Financial Group (NASDAQ:SBFG) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of SB Financial Group (NASDAQ:SBFG) in a research note published on Sunday morning. The firm issued a hold rating on the financial services provider’s stock.

SB Financial Group Stock Performance

Shares of SBFG stock opened at $13.14 on Friday. The firm has a 50 day moving average price of $14.05 and a two-hundred day moving average price of $14.16. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $89.21 million, a PE ratio of 7.51 and a beta of 0.68. SB Financial Group has a 12-month low of $11.82 and a 12-month high of $16.25.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.22. The firm had revenue of $15.12 million during the quarter, compared to the consensus estimate of $13.40 million. SB Financial Group had a net margin of 15.94% and a return on equity of 10.24%. As a group, analysts predict that SB Financial Group will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On SB Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SBFG. The Manufacturers Life Insurance Company raised its position in shares of SB Financial Group by 5.9% in the first quarter. The Manufacturers Life Insurance Company now owns 489,176 shares of the financial services provider’s stock valued at $9,739,000 after buying an additional 27,065 shares in the last quarter. HRT Financial LP acquired a new stake in shares of SB Financial Group in the first quarter valued at approximately $292,000. Susquehanna International Group LLP acquired a new stake in shares of SB Financial Group in the first quarter valued at approximately $289,000. Alliancebernstein L.P. increased its stake in SB Financial Group by 3.1% in the second quarter. Alliancebernstein L.P. now owns 559,499 shares of the financial services provider’s stock valued at $7,061,000 after acquiring an additional 17,054 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in SB Financial Group in the first quarter valued at approximately $216,000. 66.67% of the stock is currently owned by institutional investors and hedge funds.

SB Financial Group Company Profile

SB Financial Group, Inc operates as the financial holding company for the State Bank and Trust Company that provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan. It offers checking, savings, money market accounts, as well as time certificates of deposit; and commercial, consumer, agricultural, and residential mortgage loans.