SB Financial Group (NASDAQ:SBFG) Releases Earnings Results, Beats Estimates By $0.01 EPS

SB Financial Group (NASDAQ:SBFG) announced its earnings results on Thursday. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01, Zacks reports. SB Financial Group had a return on equity of 10.68% and a net margin of 15.31%.

SB Financial Group Price Performance

SBFG stock traded up $0.84 during trading on Thursday, reaching $22.58. 5,437 shares of the company were exchanged, compared to its average volume of 9,191. The company has a 50-day moving average of $21.95 and a two-hundred day moving average of $20.79. The company has a market capitalization of $142.25 million, a price-to-earnings ratio of 10.65 and a beta of 0.23. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.93. SB Financial Group has a twelve month low of $17.10 and a twelve month high of $24.48.

SB Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.155 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.7%. SB Financial Group’s payout ratio is currently 29.25%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Zacks Research downgraded SB Financial Group from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of SB Financial Group in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Institutional Trading of SB Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of SB Financial Group by 496.4% in the 3rd quarter. Bank of America Corp DE now owns 15,852 shares of the financial services provider’s stock valued at $306,000 after buying an additional 13,194 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of SB Financial Group by 3.8% during the third quarter. Bridgeway Capital Management LLC now owns 81,511 shares of the financial services provider’s stock worth $1,572,000 after purchasing an additional 2,963 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of SB Financial Group in the third quarter valued at approximately $213,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of SB Financial Group by 12.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 31,001 shares of the financial services provider’s stock worth $598,000 after acquiring an additional 3,542 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in 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 acquiring an additional 1,016 shares in the last quarter. Institutional investors 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.