SB Financial Group, Inc. (NASDAQ:SBFG – Get Free Report) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Friday, August 14th will be given a dividend of 0.16 per share by the financial services provider on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 14th.
SB Financial Group has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 12 years. SB Financial Group has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect SB Financial Group to earn $2.60 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 24.6%.
SB Financial Group Trading Up 0.4%
Shares of SBFG traded up $0.12 during mid-day trading on Wednesday, reaching $27.36. The stock had a trading volume of 2,076 shares, compared to its average volume of 21,610. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. SB Financial Group has a 52-week low of $18.16 and a 52-week high of $27.68. The business’s fifty day moving average is $25.06 and its 200 day moving average is $22.70. The firm has a market cap of $171 million, a price-to-earnings ratio of 10.21 and a beta of 0.19.
Hedge Funds Weigh In On SB Financial Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of SB Financial Group in the second quarter valued at approximately $4,013,000. Bank of America Corp DE increased its stake in 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 buying an additional 1,908 shares during the period. Globeflex Capital L P purchased a new stake in SB Financial Group during the 1st quarter worth approximately $149,000. Dimensional Fund Advisors LP lifted its holdings in SB Financial Group by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 197,772 shares of the financial services provider’s stock worth $4,153,000 after buying an additional 5,677 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in SB Financial Group by 22.7% during the 1st quarter. Hsbc Holdings PLC now owns 31,832 shares of the financial services provider’s stock worth $672,000 after buying an additional 5,896 shares in the last quarter. 66.67% of the stock is currently owned by hedge funds and other institutional investors.
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.
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