SB Financial Group (NASDAQ:SBFG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of SB Financial Group (NASDAQ:SBFG) in a research note released on Wednesday. The brokerage issued a hold rating on the financial services provider’s stock.

SB Financial Group Price Performance

SBFG opened at $13.58 on Wednesday. The stock has a fifty day moving average price of $13.69 and a 200 day moving average price of $14.20. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.83. SB Financial Group has a 1 year low of $11.82 and a 1 year high of $16.25. The stock has a market cap of $92.17 million, a price-to-earnings ratio of 7.86 and a beta of 0.68.

SB Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Investors of record on Friday, May 10th will be paid a $0.14 dividend. This is a boost from SB Financial Group’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.56 annualized dividend and a dividend yield of 4.12%. SB Financial Group’s payout ratio is presently 32.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SBFG. Gendell Jeffrey L lifted its stake in shares of SB Financial Group by 23.5% in the 4th quarter. Gendell Jeffrey L now owns 45,488 shares of the financial services provider’s stock valued at $698,000 after purchasing an additional 8,654 shares during the last quarter. Empowered Funds LLC raised its holdings in SB Financial Group by 7.9% during the first quarter. Empowered Funds LLC now owns 33,366 shares of the financial services provider’s stock valued at $460,000 after buying an additional 2,450 shares in the last quarter. Finally, PL Capital Advisors LLC raised its holdings in SB Financial Group by 4.2% during the third quarter. PL Capital Advisors LLC now owns 28,159 shares of the financial services provider’s stock valued at $380,000 after buying an additional 1,123 shares in 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 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.