SB Financial Group (NASDAQ:SBFG) Stock Passes Above Fifty Day Moving Average – Time to Sell?

SB Financial Group, Inc. (NASDAQ:SBFG) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $21.71 and traded as high as $22.12. SB Financial Group shares last traded at $22.05, with a volume of 6,440 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SBFG shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SB Financial Group in a research note on Monday, December 29th. Zacks Research cut shares of SB Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

SB Financial Group Stock Performance

The company has a market cap of $141.69 million, a P/E ratio of 10.61 and a beta of 0.23. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $21.75 and a two-hundred day simple moving average of $20.69.

SB Financial Group (NASDAQ:SBFG) last issued its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. SB Financial Group had a net margin of 15.31% and a return on equity of 10.68%. The firm had revenue of $16.58 million for the quarter, compared to analysts’ expectations of $12.30 million. On average, sell-side analysts anticipate that SB Financial Group, Inc. will post 2 EPS for the current year.

Institutional Trading of SB Financial Group

Several hedge funds have recently bought and sold shares of SBFG. BNP Paribas Financial Markets lifted its position in shares of SB Financial Group by 131.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,016 shares in the last quarter. Bank of America Corp DE raised its stake in SB Financial Group by 4,732.7% during the 2nd quarter. Bank of America Corp DE now owns 2,658 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,603 shares during the period. JPMorgan Chase & Co. raised its stake in SB Financial Group by 23,475.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,829 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 2,817 shares during the period. Farther Finance Advisors LLC lifted its holdings in SB Financial Group by 8,594.1% during the third quarter. Farther Finance Advisors LLC now owns 2,956 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 2,922 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of SB Financial Group in the second quarter worth approximately $62,000. Institutional investors own 66.67% of the company’s stock.

About SB Financial Group

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.