SB Financial Group (NASDAQ:SBFG) Shares Pass Below 200 Day Moving Average – Should You Sell?

SB Financial Group, Inc. (NASDAQ:SBFG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $21.53 and traded as low as $21.50. SB Financial Group shares last traded at $21.60, with a volume of 21,326 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

SB Financial Group Price Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $135.65 million, a PE ratio of 8.44 and a beta of 0.20. The stock’s 50-day moving average is $21.58 and its two-hundred day moving average is $21.53.

SB Financial Group (NASDAQ:SBFG) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $17.42 million during the quarter, compared to analysts’ expectations of $12.60 million. SB Financial Group had a net margin of 17.22% and a return on equity of 11.52%. On average, equities analysts predict that SB Financial Group, Inc. will post 2.53 earnings per share for the current year.

SB Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, May 15th. This is an increase from SB Financial Group’s previous quarterly dividend of $0.16. SB Financial Group’s dividend payout ratio is 25.00%.

Hedge Funds Weigh In On SB Financial Group

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of SB Financial Group by 10.8% during the 1st quarter. Bank of America Corp DE now owns 19,633 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 1,908 shares during the period. Globeflex Capital L P purchased a new position in shares of SB Financial Group during the 1st quarter worth approximately $149,000. Dimensional Fund Advisors LP boosted its position in SB Financial Group by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 197,772 shares of the financial services provider’s stock valued at $4,153,000 after buying an additional 5,677 shares during the period. Hsbc Holdings PLC boosted its position in SB Financial Group by 22.7% in the 1st quarter. Hsbc Holdings PLC now owns 31,832 shares of the financial services provider’s stock valued at $672,000 after buying an additional 5,896 shares during the period. Finally, AQR Capital Management LLC boosted its position 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 buying an additional 2,830 shares during the period. Hedge funds and other institutional investors own 66.67% of the company’s stock.

SB Financial Group Company Profile

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.