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

SB Financial Group, Inc. (NASDAQ:SBFG)’s share price passed 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 traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

SB Financial Group Stock Performance

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 company’s 50 day moving average is $21.74 and its 200-day moving average is $21.58. The company has a market capitalization of $139.67 million, a P/E ratio of 8.69 and a beta of 0.21.

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

SB Financial Group Increases Dividend

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

Institutional Trading of SB Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG increased its stake in SB Financial Group by 87.3% during the 4th quarter. Deutsche Bank AG now owns 4,141 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 1,930 shares in the last quarter. BNP Paribas Financial Markets increased its stake in SB Financial Group by 131.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,016 shares in the last quarter. JPMorgan Chase & Co. increased its stake in SB Financial Group by 82.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,157 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 2,328 shares in the last quarter. Bank of America Corp DE increased its stake in SB Financial Group by 4,732.7% during the 2nd quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 2,603 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in SB Financial Group during the 2nd quarter valued at about $62,000. 66.67% of the stock is currently owned by institutional investors.

About SB Financial Group

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.