SB Financial Group (NASDAQ:SBFG) Releases Earnings Results, Beats Estimates By $0.04 EPS

SB Financial Group (NASDAQ:SBFG) released its quarterly earnings results on Thursday. The financial services provider reported $0.73 EPS for the quarter, topping the consensus estimate of $0.69 by $0.04, Zacks reports. SB Financial Group had a return on equity of 11.52% and a net margin of 17.22%.

SB Financial Group Price Performance

Shares of SBFG stock traded up $0.31 during midday trading on Thursday, reaching $26.66. 15,652 shares of the company traded hands, compared to its average volume of 22,098. The firm’s 50 day simple moving average is $23.71 and its two-hundred day simple moving average is $22.22. The firm has a market cap of $167.29 million, a PE ratio of 10.41 and a beta of 0.19. SB Financial Group has a 1-year low of $18.16 and a 1-year high of $27.68. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

SB Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 14th. SB Financial Group’s dividend payout ratio (DPR) is currently 25.00%.

Wall Street Analysts Forecast Growth

SBFG has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of SB Financial Group in a research report on Friday, June 26th. 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 research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in SB Financial Group by 27.0% in the 4th quarter. AQR Capital Management LLC now owns 13,301 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 2,830 shares in the last quarter. Barclays PLC boosted its position in SB Financial Group by 7.8% during the fourth quarter. Barclays PLC now owns 34,053 shares of the financial services provider’s stock worth $758,000 after acquiring an additional 2,458 shares during the last quarter. State Street Corp boosted its position in SB Financial Group by 4.6% during the fourth quarter. State Street Corp now owns 66,689 shares of the financial services provider’s stock worth $1,485,000 after acquiring an additional 2,926 shares during the last quarter. Wells Fargo & Company MN grew its stake in SB Financial Group by 28.4% in the 4th quarter. Wells Fargo & Company MN now owns 9,151 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 2,025 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in SB Financial Group by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 192,095 shares of the financial services provider’s stock valued at $4,278,000 after acquiring an additional 4,930 shares during the last quarter. 66.67% of the stock is owned by hedge funds and other 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.