156,598 Shares in SB Financial Group, Inc. $SBFG Bought by Pinnacle Holdings LLC

Pinnacle Holdings LLC purchased a new stake in SB Financial Group, Inc. (NASDAQ:SBFG) during the 2nd quarter, HoldingsChannel reports. The firm purchased 156,598 shares of the financial services provider’s stock, valued at approximately $3,957,000. SB Financial Group comprises approximately 1.2% of Pinnacle Holdings LLC’s investment portfolio, making the stock its 20th biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in SB Financial Group by 131.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,016 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of 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. JPMorgan Chase & Co. increased its position in shares of SB Financial Group by 23,475.0% during the second quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider’s stock valued at $54,000 after buying an additional 2,817 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of SB Financial Group during the second quarter valued at about $62,000. Finally, Deutsche Bank AG raised its stake in SB Financial Group by 87.3% in 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 in the last quarter. 66.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on SBFG shares. Wall Street Zen lowered shares of SB Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of SB Financial Group in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

SB Financial Group Price Performance

SBFG stock opened at $26.57 on Monday. The business has a 50 day moving average of $25.80 and a 200 day moving average of $22.97. The firm has a market cap of $166.06 million, a PE ratio of 9.91 and a beta of 0.19. SB Financial Group, Inc. has a twelve month low of $18.16 and a twelve month high of $28.38. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.29.

SB Financial Group (NASDAQ:SBFG) last released its earnings results on Friday, July 31st. The financial services provider reported $0.73 EPS for the quarter. SB Financial Group had a return on equity of 11.82% and a net margin of 17.67%.The business had revenue of $18.00 million for the quarter. On average, research analysts forecast that SB Financial Group, Inc. will post 2.56 EPS for the current fiscal year.

SB Financial Group Announces Dividend

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 given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 14th. SB Financial Group’s payout ratio is currently 23.88%.

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.