SB Financial Group, Inc. (NASDAQ:SBFG) Declares Quarterly Dividend of $0.16

SB Financial Group, Inc. (NASDAQ:SBFG) declared a quarterly dividend on Wednesday, January 21st. Stockholders of record on Friday, February 13th will be paid a dividend of 0.155 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, February 13th.

SB Financial Group has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. SB Financial Group has a payout ratio of 28.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect SB Financial Group to earn $2.18 per share next year, which means the company should continue to be able to cover its $0.62 annual dividend with an expected future payout ratio of 28.4%.

SB Financial Group Stock Performance

SBFG stock remained flat at $21.22 during trading on Wednesday. The company had a trading volume of 1,286 shares, compared to its average volume of 10,152. The firm has a market cap of $133.66 million, a PE ratio of 9.65 and a beta of 0.22. The stock has a 50 day moving average price of $22.12 and a 200-day moving average price of $20.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.93 and a current ratio of 0.93. SB Financial Group has a 1-year low of $17.10 and a 1-year high of $24.22.

SB Financial Group (NASDAQ:SBFG) last posted its quarterly earnings data on Friday, January 30th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. SB Financial Group had a net margin of 15.35% and a return on equity of 11.02%. The company had revenue of $16.58 million for the quarter, compared to analyst estimates of $12.30 million. Research analysts forecast that SB Financial Group will post 2 EPS for the current year.

Institutional Investors Weigh In On SB Financial Group

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of SB Financial Group by 131.1% during the third quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,016 shares in the last quarter. Bank of America Corp DE grew its position in 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 valued at $51,000 after purchasing an additional 2,603 shares during the period. JPMorgan Chase & Co. increased its stake in SB Financial Group by 23,475.0% during 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 in the last quarter. Farther Finance Advisors LLC raised its holdings in SB Financial Group by 8,594.1% during the third quarter. Farther Finance Advisors LLC now owns 2,956 shares of the financial services provider’s stock worth $57,000 after buying an additional 2,922 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SB Financial Group in the second quarter valued at $62,000. Institutional investors and hedge funds own 66.67% of the company’s stock.

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.