SB Financial Group (NASDAQ:SBFG) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of SB Financial Group (NASDAQ:SBFG) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

SBFG has been the topic of several other reports. 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 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. Based on data from MarketBeat, SB Financial Group currently has a consensus rating of “Moderate Buy”.

SB Financial Group Stock Performance

Shares of NASDAQ:SBFG opened at $20.76 on Friday. SB Financial Group has a 1 year low of $17.10 and a 1 year high of $23.93. The stock has a market capitalization of $130.79 million, a price-to-earnings ratio of 9.44 and a beta of 0.22. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.93. The company’s 50 day simple moving average is $21.72 and its 200 day simple moving average is $21.06.

SB Financial Group (NASDAQ:SBFG) last issued its earnings results on Friday, January 30th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. SB Financial Group had a return on equity of 11.02% and a net margin of 15.35%.The firm had revenue of $16.58 million for the quarter, compared to the consensus estimate of $12.30 million. As a group, research analysts predict that SB Financial Group will post 2 EPS for the current fiscal year.

SB Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, February 13th. SB Financial Group’s dividend payout ratio (DPR) is 28.18%.

Hedge Funds Weigh In On SB Financial Group

Several large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in shares of SB Financial Group by 131.1% in the third quarter. BNP Paribas Financial Markets now owns 1,791 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,016 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 buying an additional 2,603 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 2,817 shares during the period. Farther Finance Advisors LLC grew its position in shares of SB Financial Group by 8,594.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,956 shares of the financial services provider’s stock valued at $57,000 after buying an additional 2,922 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SB Financial Group in the second quarter valued at about $62,000. 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.