Zacks Investment Research upgraded shares of SB Financial Group (NASDAQ:SBFG) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

According to Zacks, “SB Financial Group, Inc. is a financial services holding company with two wholly-owned operating subsidiaries: State Bank and RDSI Banking Systems. State Bank offers a full range of financial services for consumers and small businesses, including wealth management, mortgage banking, commercial and agricultural lending. RDSI provides item processing services to community banks located in the Midwest. SB Financial Group, Inc., formerly known as Rurban Financial Corp., is based in Defiance, Ohio. “

Separately, ValuEngine lowered SB Financial Group from a hold rating to a sell rating in a research note on Friday, November 2nd.

SBFG stock opened at $18.14 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.22. SB Financial Group has a 1 year low of $17.00 and a 1 year high of $20.53. The stock has a market capitalization of $117.97 million, a PE ratio of 12.34 and a beta of 0.69.

SB Financial Group (NASDAQ:SBFG) last posted its earnings results on Friday, October 19th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). SB Financial Group had a net margin of 23.37% and a return on equity of 10.66%. The company had revenue of $12.73 million during the quarter, compared to analyst estimates of $12.90 million. Equities analysts predict that SB Financial Group will post 1.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 23rd. Shareholders of record on Friday, November 9th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, November 8th. This is a positive change from SB Financial Group’s previous quarterly dividend of $0.08. SB Financial Group’s dividend payout ratio (DPR) is 23.13%.

Hedge funds and other institutional investors have recently modified their holdings of the business. JCSD Capital LLC grew its stake in SB Financial Group by 1.6% during the 3rd quarter. JCSD Capital LLC now owns 232,570 shares of the financial services provider’s stock valued at $4,733,000 after purchasing an additional 3,718 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in SB Financial Group by 12.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 108,877 shares of the financial services provider’s stock valued at $2,212,000 after purchasing an additional 11,930 shares in the last quarter. Cutler Capital Management LLC grew its stake in SB Financial Group by 149.9% during the 2nd quarter. Cutler Capital Management LLC now owns 42,481 shares of the financial services provider’s stock valued at $863,000 after purchasing an additional 25,481 shares in the last quarter. Renaissance Technologies LLC grew its stake in SB Financial Group by 15.6% during the 2nd quarter. Renaissance Technologies LLC now owns 47,500 shares of the financial services provider’s stock valued at $965,000 after purchasing an additional 6,400 shares in the last quarter. Finally, Maltese Capital Management LLC grew its stake in SB Financial Group by 7.7% during the 2nd quarter. Maltese Capital Management LLC now owns 195,152 shares of the financial services provider’s stock valued at $3,965,000 after purchasing an additional 13,949 shares in the last quarter. Hedge funds and other institutional investors own 45.29% of the company’s stock.

SB Financial Group Company Profile

SB Financial Group, Inc, through its subsidiaries, provides range of banking and wealth management services to individual and corporate customers primarily in northwest Ohio and northeast Indiana. It accepts deposits, such as checking accounts, savings accounts, money market accounts, demand deposits, and time certificates of deposit.

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