SB Financial Group, Inc. (NASDAQ:SBFG – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.41 and traded as low as $21.26. SB Financial Group shares last traded at $21.40, with a volume of 6,431 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of SB Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on SBFG
SB Financial Group Price Performance
SB Financial Group (NASDAQ:SBFG – Get Free Report) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating 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 return on equity of 11.52% and a net margin of 17.22%. As a group, equities research analysts forecast that SB Financial Group, Inc. will post 2.53 earnings per share for the current fiscal year.
SB Financial Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be 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%. This is a boost from SB Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, May 15th. SB Financial Group’s payout ratio is 25.00%.
Institutional Trading of SB Financial Group
A number of large investors have recently bought and sold shares of SBFG. Geode Capital Management LLC boosted its stake in SB Financial Group by 98.3% during the 2nd quarter. Geode Capital Management LLC now owns 148,786 shares of the financial services provider’s stock worth $2,842,000 after purchasing an additional 73,771 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of SB Financial Group in the second quarter valued at about $524,000. Marshall Wace LLP acquired a new stake in shares of SB Financial Group during the second quarter worth about $384,000. Goldman Sachs Group Inc. acquired a new stake in shares of SB Financial Group during the first quarter worth about $350,000. Finally, Bank of America Corp DE grew its holdings in shares of SB Financial Group by 496.4% during the third quarter. Bank of America Corp DE now owns 15,852 shares of the financial services provider’s stock worth $306,000 after buying an additional 13,194 shares during the last quarter. Institutional investors and hedge funds 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.
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