SB Financial Group (NASDAQ:SBFG) Posts Earnings Results

SB Financial Group (NASDAQ:SBFG) issued its quarterly earnings data on Friday. The financial services provider reported $0.73 EPS for the quarter, FiscalAI reports. The business 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 11.95%.

SB Financial Group Trading Down 1.2%

Shares of SBFG stock opened at $26.28 on Friday. The stock has a market cap of $164.91 million, a price-to-earnings ratio of 9.81 and a beta of 0.19. The stock has a 50-day moving average of $24.37 and a 200-day moving average of $22.45. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. SB Financial Group has a 1-year low of $18.16 and a 1-year high of $27.68.

SB Financial Group Announces Dividend

The business 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 $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 payout ratio is 23.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SBFG shares. Wall Street Zen upgraded SB Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SB Financial Group in a research note on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Institutional Trading of SB Financial Group

Several institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position 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 during the period. Bank of America Corp DE lifted its position in shares of SB Financial Group by 4,732.7% in the 2nd quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 2,603 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SB Financial Group by 23,475.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 2,817 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of SB Financial Group in the 2nd quarter valued at $62,000. Finally, Deutsche Bank AG increased its position in shares of SB Financial Group by 87.3% during the fourth quarter. Deutsche Bank AG now owns 4,141 shares of the financial services provider’s stock worth $92,000 after buying an additional 1,930 shares during the period. 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.