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

SB Financial Group, Inc. (NASDAQ:SBFG) declared a quarterly dividend on Wednesday, October 15th. Shareholders of record on Friday, November 14th will be given a dividend of 0.155 per share by the financial services provider on Friday, November 28th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, November 14th. This is a 3.3% increase from SB Financial Group’s previous quarterly dividend of $0.15.

SB Financial Group has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 12 years. SB Financial Group has a dividend payout ratio of 28.1% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 4.0%

NASDAQ:SBFG traded up $0.84 during mid-day trading on Wednesday, hitting $21.61. 4,601 shares of the stock traded hands, compared to its average volume of 23,561. The stock has a market capitalization of $136.81 million, a price-to-earnings ratio of 11.81 and a beta of 0.32. SB Financial Group has a 52 week low of $17.10 and a 52 week high of $24.48. The firm’s 50 day moving average is $20.05 and its two-hundred day moving average is $19.67. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.41.

SB Financial Group (NASDAQ:SBFG) last announced its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $16.58 million during the quarter, compared to analyst estimates of $12.30 million. SB Financial Group had a return on equity of 9.57% and a net margin of 13.78%. On average, equities research analysts predict that SB Financial Group will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Zacks Research raised SB Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SB Financial Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

SB Financial Group Company Profile

SB Financial Group, Inc operates as the financial holding company for the State Bank and Trust Company that provides a range of commercial banking and wealth management services to individual and corporate customers primarily in Ohio, Indiana, and Michigan. It offers checking, savings, money market accounts, as well as time certificates of deposit; and commercial, consumer, agricultural, and residential mortgage loans.